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