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After 6 months the simple interest earned annually on an investment of $3000 was $811. Find the interest rate to the nearest tenth of a percent.
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After 6 months the simple interest earned annually on an investment of $3000 was $811. Find the interest rate to the nearest tenth of a percent.

User Eibersji
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2 Answers

3 votes
(811/3000)*100 gives you 27%
User BhaveshDiwan
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5 votes

Answer: 54.1%

Explanation:

User ChrisThompson
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