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(Solved): On March 1, 2002, Jacob invested $900 in an account that earned simple interest at an annual rate o ...



On March 1, 2002, Jacob invested $900 in an account that earned simple interest at an annual rate of 3%. On March 1, 2007 he closed this account and deposited the liquidated funds into a new account earning simple discount at an annual rate d. On March 1, 2016 Jacob's balance was 1,617.19. How much interest did Jacob earn between March 1, 2007 and March 1, 2012? Answer to the nearest cent



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