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John s simple interest savings account had a balance of 1471 during the month of...

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John s simple interest savings account had a balance of 1471 during the month of January At the end of the month he received 2 40 in interest The interest is calculated daily What rate of interest is John s account paying Round your answer to 2 decimal places For instance if it is 1 643 then the rate is rounded to 1 64

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