After 5 years, a $2,450 investment is worth $3,123.75. What is the simple annual interest rate for

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After 5 years, a $2,450 investment is worth $3,123.75. What is the simple annual interest rate for this investment? Enter the answer as a percent.

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Engineering Economic Analysis

ISBN: 9780195168075

9th Edition

Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle

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Posted Date: Dec 06, 2022 04:23 AM

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After 5 years, a $2,450 investment is worth $3,123.75. What is the simple annual interest rate for

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Given The Principal P2450 After 5 years the ... View the full answer

Engineering Economic Analysis

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