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Gre4nikov [31]
3 years ago
6

The simple interest on an investment of $8000 for one year is $360.

Mathematics
1 answer:
elena55 [62]3 years ago
8 0
I = PRT
$360 = $8000 x R X 1
$360 = $8000 X R
$360/$8000 X R /$8000
0.045 = R
R= 0.045 * 100
R = 4.5%
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