Jackie received $5,000 as a prize. She invested her money into a certificate of depositfor...
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Algebra
Jackie received $5,000 as a prize. She invested her money into a certificate of depositfor 8 years. When she redeemed the certificate of deposit, she received $6,200. Whatsimple interest rate did she receive on her certificate of deposit?Provide the numerical solution rounded to two decimal places for the percent. You donot need to include the % symbol.
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