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QUESTION
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. W
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?
