Mitchell has been given the option of either paying his $800 bill now or settling it for $814 after 1 mo. If he chooses to pay after 1 mo, find the simple interest rate at which he would be charged.
r = __________ %/year

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The Answer of Mitchell has been given the option of either paying his $800 bill now or settling it for $814 after 1 mo. If he chooses to pay after 1 mo, find the simple interest rate at which he would be charged.
r = __________ %/year

Mitchell Has Been Given the Option of Either Paying His