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A $2400 certificate of deposit held for 61 days was worth $2420.74. What simple interest rate was earned? Assume 360 days in a year. The

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A $2400 certificate of deposit held for 61 days was worth $2420.74. What simple interest rate was earned? Assume 360 days in a year. The certificate of deposit eamed an interest rate of %. (Type an integer or decimal rounded to the nearest tenth as needed.)

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