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Sever21 [200]
3 years ago
9

A $6000 investment earns $690 annual simple interest in one year. What is the annual interest rate?

Mathematics
2 answers:
abruzzese [7]3 years ago
8 0
The answer would be 11.5%.
6000 x .115 = 690
GREYUIT [131]3 years ago
8 0
690/6000 = 0.115
0.115 X 100 = 11.5%

Answer is 11.5% 
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