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blsea [12.9K]
3 years ago
8

After seven years, an initial investment of $600 earned $84. Find the interest rate.

Mathematics
2 answers:
Anit [1.1K]3 years ago
4 0
The simple answer is if you don't read into the question is. 84) divided by 7 which is 12%
Kaylis [27]3 years ago
3 0
If the interest rate never compounds, then the rate would be 84/600 = 14%
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