SOLUTION: Marion deposited $800 in a savings account. One year later, the teller posted $56 in her savings book. At what rate of interest was she paid on her savings?

SOLUTION: Marion deposited $800 in a savings account. One year later, the teller posted $56 in her savings book. At what rate of interest was she paid on her savings?

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Question 544355: Marion deposited $800 in a savings account. One year later, the teller posted $56 in her savings book. At what rate of interest was she paid on her savings?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
56/800=0.07=7%
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