A certain investment earns \(20\) percent interest annually. If the investment has earned \(\$30\) after one year, what

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A certain investment earns \(20\) percent interest annually. If the investment has earned \(\$30\) after one year, what was its original value?

a. \(\$100\)

b. \(\$120\)

c. \(\$150\)

d. \(\$175\)

e. \(\$180\)

Answer: C

Source: Princeton Review
Source: — Problem Solving |