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gayaneshka [121]
4 years ago
11

The interest on $2,000 for 2 years is $320. What is the simple interest rate?

Mathematics
1 answer:
Romashka-Z-Leto [24]4 years ago
8 0
12.5%

Explanation. 320/2=160 2000/160=12.5
So 12.5% per year
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