Arthur has $19,500 to invest, and wishes to gain $8,000 in interest over eleven years. Approximately what is the minimum simple interest rate that Arthur needs to achieve his goal?a.2.64%b.3.04%c.3.72%d.4.51%

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C

Simple Interest

Arthur has $19,500 to invest, and wishes to gain $8,000 in interest over eleven years. Approximately what is the minimum simple interest rate that Arthur needs to achieve his goal?a.2.64%b.3.04%c.3.72%d.4.51%

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