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Mathematics, 30.03.2021 20:50 jyx

Suppose $425 is deposited into a certificate of deposit for one year and earns $5.48 interest, with no compounding during the year. What is the interest rate? Enter the interest rate as a percent and express your answer to the second decimal place.

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Suppose $425 is deposited into a certificate of deposit for one year and earns $5.48 interest, with...
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