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Mr. Gardener invested $500,000. His annual interest was $40,000. What was the annual interest rate?
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Mr. Gardener invested $500,000. His annual interest was $40,000. What was the annual interest rate?

User Yavuz
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2 votes
The answer is 8% Hope this helps
User EllisTheEllice
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4 votes
Divide 40,000 by 500,000 and you get 0.08 which is 8%

Hope this helps!
User Kop
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