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September 19, 2014

Homework Help: MATH

Posted by meshelle on Thursday, December 4, 2008 at 9:22pm.

Can someone help me with this question please.

Raymond opened a savings account that pays 1.5% interest on his balance. The interest he received so far on his balance of $500 is $3.75. Can you tell from this info how long hes had the $500 in the account? Also, for terminology, what is the Rate, the Principle and the base?

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