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ki77a [65]
4 years ago
7

Someone, please help me

Mathematics
1 answer:
dimulka [17.4K]4 years ago
6 0

Answer:

4.3%

Step-by-step explanation:

Write out the formula for simple interest:

i = p r t, where i is the interest earned, p is the principal, r is the interest rate as a decimal fraction, and t is the elapsed time in years.

Here, this i = p r t becomes

$645 = $3000*r*(5 yr).

This is equivalent to:

$645 = $15000r.

Solving for r by dividing both sides of this equation by $15000, we get

     $645

r = ------------ = 0.043

     $15000

Thus, the correct answer is the first one:  4.3%

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9514 1404 393

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