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August 3, 2015

Homework Help: MATH

Posted by BLUE on Sunday, December 21, 2008 at 8:26pm.

USE THE FORMULA: A=P+I.P, WHERE A IS THE VALUE OF THE INVESTMENT IN ONE YEAR, P IS THE ORIGINAL INVESTMENT, AND I IS THE INTEREST RATE FOR THE INVESTMENT. FIND THE INTEREST RATE FOR AN ORIGINAL INVESTMENT OF $3,000 WHICH HAD A VALUE OF $3,450 AFTER ONE YEAR.

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