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Tammy invested $2000 in a fund for 4 years and was paid simple interest. The total interest that she received on the investment was $400. As a percentage, what was the annual interest rate of her investment?
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Mar 26, 2023
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Tammy invested $2000 in a fund for 4 years and was paid simple interest. The total interest that she received on the investment was $400. As a percentage, what was the annual interest rate of her investment?
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