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30-11-2020
Mathematics

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Neil invested £8000 in a savings account for 2 years. He earned £640 simple interest over the two years.
What was the interest rate?

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30-11-2020

Answer:he account pays 5% simple interest per year. ... 6) Neil invested £8000 in a savings account for 2 years. He earned £640 simple interest over the two years.

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