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OpenStudy (anonymous):
Over two summers, Ray saved $900 and $500. The polynomial 900x2 + 500x represents his savings at the beginning of the third year, where x is the growth factor. (The interest rate r is x - 1.) What is the interest rate he needs to start the third year with $1600 in savings? A. 8.4% B. 264% C. 0.1% D. 1.1%
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