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Mathematics, 31.03.2021 14:00 emocow

A savings account pays interest at a rate of R% per year. Jack invests £5500 in the account for one year.

At the end of the year, Jack pays tax on the interest at a rate of 40%.
After paying tax, he gets £79.20.

Work out the value of R

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A savings account pays interest at a rate of R% per year. Jack invests £5500 in the account for one...
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