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OpenStudy (hanna1):
WILL MEDAL AND FAN!!!<3<3 A $5000 investment earns $550 annual simple interest in one year. What is the interest rate? 12% 10.5% 11.5% 11%
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OpenStudy (kittykatiehunt):
you divide that
OpenStudy (simontheengineer):
11%. 5000/100 is 50 and then 50 multiplied by 11 is 550!
OpenStudy (kittykatiehunt):
yeahp
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