finellahesin finellahesin
  • 18-05-2021
  • Mathematics
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What annual rate of interest would you have to earn on an investment of $5500 to ensure receiving $434.50 interest after one year?
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smolsara528
smolsara528 smolsara528
  • 18-05-2021
answer: 0.079 , 7.9%
434.50/5500 = 0.079
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