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On November 1, 2002, Sean invested $700 in an account that earned simple interest at an annual rate of 3.5%. On November 1, 2007 he
On November 1, 2002, Sean invested $700 in an account that earned simple interest at an annual rate of 3.5%. On November 1, 2007 he closed this account and deposited the liquidated funds into a new account earning simple discount at an annual rate d. On November 1, 2014 Sean's balance was 1,200.73. How much interest did Sean earn between November 1, 2007 and November 1, 2012? Answer to the nearest cent.
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