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17 April, 15:00

2. Arthur has $19,500 to invest, and wishes to gain $8,000 in interest over eleven years. Approximately what is the minimum simple interest rate that Arthur needs to achieve his goal? A 2.64% C 3.72% B 3.04% D 4.51%

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  1. 17 April, 16:33
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    R=I:pt

    R=8,000: (19,500*11) = 0.0372*100=3.72%
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