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On April 3 Artie Invested $75,000 and by October 27

Question 40

Multiple Choice

On April 3 Artie invested $75,000 and by October 27 he had earned interest of $10,500. What simple interest rate had he earned?

A) 86.00%
B) 32.34%
C) 71.42%
D) 14.00%
E) 24.69%

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