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  • May 12, 2013, 07:18 PM
    thisismebree
    Math word problem please help
    At a local bank, the simple interest rate on a savings account is 2% higher than the interest rate for a checking account. After one year, a deposit in the checking account would earn interest of $50, whereas the same deposit would earn interest of $150 in the saving account. Find the interest rate on each account.

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