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Use the Formula i=Prti = P r t To Reach a Solution for the Following Problem

Question 155

Multiple Choice

Use the formula i=Prti = P r t to reach a solution for the following problem. Find the annual interest rate if $2,616.00 in interest is earned when $2,180 is invested for 8 years.


A) 14%
B) 20%
C) 16%
D) 15%
E) none of these

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