Answer:
The answer is No
Step-by-step explanation:
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Well, we just need to perform the operations:
- Multiplication:

- Subtraction:

- Addition:

- Division:

So, if you add all the numbers together you get

Or, if you prefer,

Answer:
The interest rate was of 0.1173 = 11.73%.
Step-by-step explanation:
This is a simple interest problem.
The simple interest formula is given by:

In which E is the amount of interest earned, P is the principal(the initial amount of money), I is the interest rate(yearly, as a decimal) and t is the time.
After t years, the total amount of money is:

In this problem, we have that:

So



So



The interest rate was of 0.1173 = 11.73%.
It would be one thousand and two
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