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hjlf
3 years ago
9

If the simple interest on 6000 for 3 years is 1,620 then what is the insterest rate

Mathematics
1 answer:
fomenos3 years ago
3 0

Answer:

Step-by-step explanation:

Gather information like your principal loan amount, interest rate and total number of months or years that you'll be paying the loan.

Calculate your total interest by using this formula: Principal Loan Amount x Interest Rate x Time (aka Number of Years in Term) = Interest.

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