3. RifI= 364 P= 1300, T = 7 years
4. Pifi = 440, R = 5%, T= 4 years
5. TifI=455, R = 7%, P=1300
6. After 2 years, the credit balance in a savings account earning simple interest was 585.75. The original amount
was 550. What was the interest rate?
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