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Principal of $80 is invested at 2.3% simple interest, paid annually, for 4 years. What is the rate of return? A. 8.4% B. 9% C.

Principal of $80 is invested at 2.3% simple interest, paid annually, for 4 years. What is the rate of return?

A. 8.4% B. 9% C. 9.2% D. 8.9%

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