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Rachel received an academic achievement prize of $2,500 from his college. He deposited this money into a savings account on September 13, 2016. If the

Rachel received an academic achievement prize of $2,500 from his college. He deposited this money into a savings account on September 13, 2016. If the interest accumulated on the investment when he withdraws the money on June 14, 2017 was $117.29, calculate the annual rate of simple interest that the savings account was providing him.

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