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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Related Book For 
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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