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OpenStudy (anonymous):
The simple interest on an investment of $2000 for one year is $110. What is the interest rate? A. 0.0055% B. 0.055% C. 0.55% D. 5.5%
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OpenStudy (anonymous):
(110/2000) * 100
OpenStudy (anonymous):
So D, Thanks!
OpenStudy (anonymous):
No problem. Remember for those problems it is always Interest/Principal *100 = Interest rate
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