mple mteiest was eanmed of deposit earned an interest rate of %.

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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A$1300 certificate of deposit held for 77 days was worth $1311.68. What simple interest rate was earned? Assume 360 days in a year.
...
The certificate of deposit earned an interest rate of
%.
Transcribed Image Text:A$1300 certificate of deposit held for 77 days was worth $1311.68. What simple interest rate was earned? Assume 360 days in a year. ... The certificate of deposit earned an interest rate of %.
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