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OpenStudy (anonymous):
How much money should be invested at an annual rate of 12% in order to earn $300 interest in a year?
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OpenStudy (ivettef365):
divide 300 / .12
OpenStudy (anonymous):
2500...right
OpenStudy (ivettef365):
correct, so if you invest 2500, then 12% of 2500 = $300
OpenStudy (anonymous):
oh ok thank u so much
OpenStudy (ivettef365):
yw :)
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