Nguyen deposited $49 into a savings account that pays annual simple interest. At the end of 8 years, he earned $23.52 in interest. What is the interest rate on the savings account? Round to the nearest tenth of a percent.

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06-12-2022
Mathematics

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Nguyen deposited $49 into a savings account that pays annual simple interest. At the end of 8 years, he earned $23.52 in interest. What is the interest rate on the savings account? Round to the nearest tenth of a percent.

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