Get Full Access to Grade 8 Mathematics - Skill Builder + FAST Rehearsal - Old
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John deposits $2,000 in a bank A, at the rate of interest 8% p.a. for 3 years. Karen deposits $1,000, in another bank B, for 5 years. Both of them get the same amount of simple interest. Find the rate of interest given by the bank B? Enter your answer in the decimal format in the box.
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