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John placed funds into an account paying a simple interest rate of 1 6 % for 1 8 months. His account contained $ 1 8

John placed funds into an account paying a simple interest rate of

16 %

for

18

months. His account contained $

1860

at the end.a

)

How much did he invest? SHOW YOUR WORK. a

)

What would the Return on Investment be in this scenario? SHOW YOUR WORK.Recall that RO

1

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