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3 years ago

Find the interest rate. Interest: $24 Principal: $400 Time:2 years

Mathematics

1 answer:

stiv31 [10]3 years ago

4 0

Interest= Principal x Rate x Time (in yrs)
24=400 x R x 2
24=800 x R
R=24/800
R=.03
R= 3 %

Hope this helps :)

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