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VMariaS [17]
3 years ago
10

If the simple interest on ​$1000 for 7 years is ​$560​, then what is the interest​ rate

Mathematics
1 answer:
levacccp [35]3 years ago
4 0

Answer:

8%

Step-by-step explanation:

560 interest/7 years=80 interest per year

1000xinterest rate=80

interest rate = 80/1000

Interest rate is 8%

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