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andrew11 [14]
3 years ago
6

ANSWER QUICK

Mathematics
1 answer:
Svet_ta [14]3 years ago
6 0

Answer:

Step-by-step explanation:

I=PTR/100

$420=$1000*6*R/100

$420*100=$6000*R

$42000=$6000*R

$42000/$6000=R

7=R

therefore rate of interest is 7%

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