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An Investment of $19,250 Grew to $20,000 Between March 26

Question 114

Multiple Choice

An investment of $19,250 grew to $20,000 between March 26 and October 10. What simple annual interest rate did the investment earn?


A) 3.9%
B) 8.5%
C) 6.9%
D) 5.5%
E) 7.2%

Correct Answer:

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