math

samn has a savings account that increased in a value over a twelve month period from 8765.00 to 9006.04 he made no deposits or withdrawls in that time. What percent interest did he receive for the 12 month period??

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asked by Caligo
  1. (9006.04-8765.00/8765 = 241.04/8765
    = 0.0275 = 2.75%

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    posted by drwls

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