Sandra deposited $2,500 into a simple interest account. She earned $75 in interest after 1 year. Ron deposited $8,000 into an account that has the same interest rate as Sandra’s account. How much money did Ron earn in interest after 1 year?
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Answer:
240
Step-by-step explanation:
75 = 3% of 2500
240 = 3% of 8000
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