A $2300 certificate of deposit held for 95 days was worth $2354.02. What simple interest rate was earned? Assume a 360-day year. The certificate of deposit earned an interest rate of %. (Type an...


A $2300 certificate of deposit held for 95 days was worth $2354.02. What simple interest rate was earned? Assume a 360-day year.<br>The certificate of deposit earned an interest rate of %.<br>(Type an integer or decimal rounded to the nearest tenth as needed.)<br>

Extracted text: A $2300 certificate of deposit held for 95 days was worth $2354.02. What simple interest rate was earned? Assume a 360-day year. The certificate of deposit earned an interest rate of %. (Type an integer or decimal rounded to the nearest tenth as needed.)

Jun 05, 2022
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