$8500 was invested on April 23. The investment was valued at $9,290 at maturity on October 18. What simple interest rate, to the nearest percent, did this investment earn? 016% 18% 019% 017% 15%

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Nitin
$8500 was invested on April 23. The investment was valued at $9,290 at maturity on October 18. What simple interest rate, to the nearest percent, did this investment
earn?
016%
18%
019%
017%
15%
Transcribed Image Text:$8500 was invested on April 23. The investment was valued at $9,290 at maturity on October 18. What simple interest rate, to the nearest percent, did this investment earn? 016% 18% 019% 017% 15%
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