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Sagot :
Answer:
2%
Step-by-step explanation:
Chloe's simple interest for 1 year is $4. You can get this by subtracting the amount she invested from the total amount she got after one year.
- $204 - $200 = $4
Now that we know the simple interest, we can now get the simple interest rate or simple percent interest per year by dividing $4 by $200.
- $4 ÷ $200 = 0.02
Let's change 0.02 into a percentage.
- 0.02 x 100 = 2%
This means that every year, her investment will earn a 2% simple interest.
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