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One Day as You Were Going Through Some Old Memorabilia,you

Question 58

Multiple Choice

One day as you were going through some old memorabilia,you discovered an old savings account in which you placed $100 twenty years ago.When you checked out the account,it currently had a balance of $320.71.What annual rate of interest did you earn?


A) 12%
B) 10%
C) 8%
D) 6%

Correct Answer:

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