SOLUTION: stanley invested $3900 in a mutual fund one year ago. during the year his fund increased in value by $339.30. what interest rate has stanleys investment earned?
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Question 564695: stanley invested $3900 in a mutual fund one year ago. during the year his fund increased in value by $339.30. what interest rate has stanleys investment earned?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
His interest rate is 8.7%
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