Client

A bank client had €1,320 deposited in her account throughout the year. At the end of the year, €33 in interest was credited to the account. What interest rate was used to determine the principal?

Correct answer:

p =  2.5 %

Step-by-step explanation:

a=1320 eur i=33 eur  p=100 ai=100 132033=1320100 33=13203300=2.5%



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