Johnson Reid
08/23/2024 · Junior High School
3. Mika opened a bank account that earns simple interest with an initial deposit of \( \$ 2,200 \). She made no other transactions throughout the year. At the end of the year, Mika had \( \$ 2,260.50 \) in her account. What was the simple interest rate?
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The simple interest rate is 2.75%.
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