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1. What is the simple interest on $2,748 at 4 1/2 percent for 1 year and 4 months 2. A machine costing $500 was sold

1. What is the simple interest on $2,748 at 4 1/2 percent for 1 year and 4 months

2. A machine costing $500 was sold after five years for the book value of $200. The annual rate of depreciation was how many percent?

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