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Robert Put $15,000 into an Account with a Fixed Interest

Question 248

Multiple Choice

Robert put $15,000 into an account with a fixed interest rate two years ago and now the account balance is $16,695.38. What rate of interest did Robert earn?


A) 4.5 percent
B) 5.5 percent
C) 6.5 percent
D) 8.0 percent

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