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Mathematics 19 Online
OpenStudy (anonymous):

Victor calculates the percentage interest rate he needs to make one hundred dollars in simple annual interest over 2 years on a deposit of one thousand dollars. Where did he go wrong? I equals p times r times t; one thousand plus one hundred equals one thousand times r times two; one thousand one hundred equals one thousand times r times two; r equals zero point five five; r equals fifty-five percent

OpenStudy (anonymous):

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