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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 75

Question 75

Multiple Choice

Find the rate. Round to the nearest tenth of a percent.
-Principal: $35,000 Time: 60 days
Interest: $548


A) 9.4%
B) 1.6%
C) 9.5%
D) 16.0%

Correct Answer:

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