Question: Ed has made an investment that will return a fixed percentage of simple interest. He knows that he started with $8000 on March 10 and
Ed has made an investment that will return a fixed percentage of simple interest. He knows that he started with $8000 on March 10 and that on May 14, the investment is worth $8168.1. What annual rate of interest is he receiving?
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To find the annual rate of simple interest Ed is receiving we can use the formula for simple interes... View full answer
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