Suppose you have $5000 to invest, and you want to earn $1000 simple interest in 5 years. What is the lowest interest rate that will allow you to do this?
A) 2%
B) 3%
C) 4%
D) 5%
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Home » Mathematics » Suppose you have $5000 to invest, and you want to earn $1000 simple interest in 5 years. What is the lowest interest rate that will allow you to do this? A) 2% B) 3% C) 4% D) 5%