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16 April, 09:47

After 2 years, Deion earned $270 in simple interest from a CD into which he initially deposited $6000. What was the annual interest rate of the CD? A. 6.5% B. 9.75% C. 2.25% D. 3.25%

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  1. 16 April, 09:56
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    I=prt

    When I want to find the rate

    r=I/pt so

    R = (270/6000*2) * 100==2.25%
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