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A $2900 certificate of deposit held for 98 days was worth $2937.10. What simple interest rate was earned? Assume a 360 -day year. The certificate

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A $2900 certificate of deposit held for 98 days was worth $2937.10. What simple interest rate was earned? Assume a 360 -day year. The certificate of deposit earned an interest rate of %. (Type an integer or decimal rounded to the nearest tenth as needed.)

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