SOLUTION: Alice earned interest of $120 from an investment of $1000 for two years. What is the rate of simple interest per year?
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Question 1140309: Alice earned interest of $120 from an investment of $1000 for two years. What is the rate of simple interest per year?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
6% annual interest
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