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OpenStudy (anonymous):
Find the annual interest rate if a $5000 investment earns $550 annual simple interest. Find the annual interest rate if a $5000 investment earns $550 annual simple interest. @Mathematics
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OpenStudy (zarkon):
\[I=P\times r\times t\]
OpenStudy (anonymous):
r=550/5000 r=0.11 or 11 %
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