Kelly's inheritance from her great-grandmother was $220,000 after taxes. If Kelly invests this money in a savings account that earns $18,260 in simple interest every year, what is the interest rate on her account?

Question

02-02-2021
Mathematics

Answered

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Kelly's inheritance from her great-grandmother was $220,000 after taxes. If Kelly invests this money in a savings account that earns $18,260 in simple interest every year, what is the interest rate on her account?

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