# SOLUTION: Tara receives an annual return of \$332 from \$5,000 invested at a simple interest. How much is the interest rate? (Interest=amount invested interest rate).

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 Click here to see ALL problems on Money Word Problems Question 320846: Tara receives an annual return of \$332 from \$5,000 invested at a simple interest. How much is the interest rate? (Interest=amount invested interest rate).Answer by stanbon(57222)   (Show Source): You can put this solution on YOUR website!Tara receives an annual return of \$332 from \$5,000 invested at a simple interest. How much is the interest rate? (Interest=amount invested interest rate). ---- Let "x" be the interest rate. --- Equation: Solve 5000x = 332 x = 332/5000 --- x = 0.0664 --- Interest rate = 6.64% ======================== Cheers, Stan H.