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    Business Mathematics Study Set 1
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    Exam 9: Simple Interest
  5. Question
    Find the Rate
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Find the Rate

Question 34

Question 34

Multiple Choice

Find the rate. Round to the nearest tenth of a percent.
-Principal: $1,075
Time: 18 days
Interest: $4.62


A) 8.7%
B) 7.7%
C) 8.6%
D) 4.3%

Correct Answer:

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