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April 18, 2014

Homework Help: algebra interest word problem

Posted by Jordan on Monday, March 9, 2009 at 7:23pm.

Erin Grabish recevied $2,000 for speaking at a financial planning seminar. Erin invested the money in a certificate of deposit for 2 years. When she redeemed the certificate of deposit, she received $2166. What simple interest rate did Erin receive on this certificate of deposit?

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