GMAT Problem Solving

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Source: GWD

Level: 0

The annual interest rate earned by an investment increased by 10 percent from last year to this year. If the annual interest rate earned by the investment this year was 1 percent, what was the annual interest rate last year?

  • A 0.01
  • B 0.011
  • C 0.0091
  • D 0.1
  • E 0.108

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