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sergey [27]
4 years ago
14

Determine the interest rate for a $2000

Mathematics
1 answer:
devlian [24]4 years ago
8 0

Answer:

6%

Step-by-step explanation:

Simple interest=principal×rate×time

Interest=$360

Principal=$2000

Rate=r

Time=3 years

Simple interest=principal×rate×time

360=2000×r×3

360=6000r

r=360/6000

=0.06

r=0.06×100

=6%

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