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Olin [163]
3 years ago
14

If the simple interest on $3000 for 8 years is $1680, then what is the interest rate?

Mathematics
1 answer:
Fiesta28 [93]3 years ago
3 0
R=i/pt
R=1680/3000*8=1,680÷24,000
=0.07*100=7%
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