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OpenStudy (anonymous):
A $6000 investment earns $690 annual simple interest in one year. What is the annual interest rate? A. 10.5% B. 11% C. 11.5% D. 12%
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OpenStudy (kanard):
I = PRT 690 = 6000(r)(1) 690 = 6000r 690/6000 = r .115 = r 11.5% = r
OpenStudy (anonymous):
thank you thats what i got but i was not sure
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