SOLUTION: Karen invest $500 in a fun for 6 years and was paid simple interest. The total interest that she received on the investment was $120. as a percentage, what was the annual interest
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Question 1146388: Karen invest $500 in a fun for 6 years and was paid simple interest. The total interest that she received on the investment was $120. as a percentage, what was the annual interest rate of her investment Found 2 solutions by richwmiller, josgarithmetic:Answer by richwmiller(17219) (Show Source):
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Karen invested $500 in a fund ,...
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500 dollars, 6 years, simple interest of 120 dollars
, where r is the simple interest rate as a fraction.
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