The answer is 66%. You get the answer by multiplying 100 to 0.66.
Multiply 30 and 12 and your answer will be 360
Answer:
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Step-by-step explanation:
Answer:
The annual interest rate is 6.25%
Step-by-step explanation:
We have been given that
P = $50,000
I = $9,375
t = 3 years
r = ?
The formula for simple interest is given by

Therefore, the annual interest rate is 6.25%
Step-by-step explanation:
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