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) About Me  (Show Source):
You can put this solution on YOUR website!
56/800=0.07=7%