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OpenStudy (anonymous):
After 4 years, Aspen earned $510 in simple interest from a CD into which she initially deposited $3000. What was the annual interest rate of the CD?
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OpenStudy (anonymous):
\[I = \frac{ P * R * T }{ 100 }\] P = 3000, I = 510, T = 4 and Solve for R
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