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A $7000 investment earns $1330 simple interest in two years. What is the annual interest rate? A. 1.90% B. 3.80% C. 9.50% D. 19.0%

A $7000 investment earns $1330 simple interest in two years. What is the annual interest rate? A. 1.90% B. 3.80% C. 9.50% D. 19.0%
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A $7000 investment earns $1330 simple interest in two years. What is the annual interest rate? A. 1.90% B. 3.80% C. 9.50% D. 19.0%

User Massimiliano Janes
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1 Answer

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subtract 7000 and 1330 which gives you 5670 then you want to simplify and get 19.0
User Zamfir Stefan
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