Caitlin invested $5000 in an account for six months. If she earned interest of $62.50 at the

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Caitlin invested $5000 in an account for six months. If she earned interest of $62.50 at the end of the term, calculate the annual rate of simple interest on the investment.

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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