SOLUTION: Tela invests $1500 in a 1 year certificate of deposit. At the end of 1year, her balance is $1530. What is the simple annual interest rate?

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Question 732326: Tela invests $1500 in a 1 year certificate of deposit. At the end of 1year, her balance is $1530. What is the simple annual interest rate?
Answer by lynnlo(4176) About Me  (Show Source):
You can put this solution on YOUR website!
INTEREST RATE IS 3%