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One year ago, you invested $5,050. Today, your investment is worth $6,100. What rate of interest did you earn? Select one: a. 16.2% b. 24.0%

One year ago, you invested $5,050. Today, your investment is worth $6,100. What rate of interest did you earn?

Select one:

a. 16.2%

b. 24.0%

c. 23.5%

d. 22.0%

e. 20.8%

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