What Was the Simple Interest Rate If an Investment of $35,000

question 13

Multiple Choice

What was the simple interest rate if an investment of $35,000 earned interest of $250 between April 4 and May 23?

• A) 2.66%
• B) 5.32%
• C) 7.14%
• D) 8.00%
• E) 9.89%

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