You invested $900 and received $1,548.00 after nine years. What was the interest rate?

ElPiter asked Apr 3, 2023

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ElPiter asked Apr 3, 2023

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16 votes

.08 or 8%

Explanation 900x 0.08 is 72
72x9 is 648
900+648 = 1548

Anant Shah answered Apr 8, 2023

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