SOLUTION: you deposit $9000.00 in a savings account. Determine what interest rate you would have, to earn $540.00 in interest for 1 year

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Question 1098877: you deposit $9000.00 in a savings account. Determine what interest rate you would have, to earn $540.00 in interest for 1 year
Answer by richwmiller(17219) About Me  (Show Source):
You can put this solution on YOUR website!
9000*i=540
i=540/9000
i=0.06
i=6%