SOLUTION: in 1963 if you purchased a book for 19 cents 52 years later the value of the book rose to 16,223.00. What was the interest rate earned if you brought the book in 1963 and sold it

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Question 1094003: in 1963 if you purchased a book for 19 cents 52 years later the value of the book rose to 16,223.00. What was the interest rate earned if you brought the book in 1963 and sold it 52 years later?
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
Depends.
Using simple interest, or compound?
If compound, what period?