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OpenStudy (anonymous):
A man earns $112 interest in one year on an investment of $1,400. What was his rate of interest?
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OpenStudy (anonymous):
Per month or per year?
OpenStudy (anonymous):
both
OpenStudy (anonymous):
Ah. Per year is 0.08%, per month I am not so sure.
OpenStudy (anonymous):
0.0066667% per month, I think.
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