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____ [38]
2 years ago
9

If the simple interest on ​$1000 for 2 years is ​$​100, then what is the interest​ rate?

Mathematics
2 answers:
Karolina [17]2 years ago
7 0
Jenerucshshhdhdhshshsdhhsbnjd
iogann1982 [59]2 years ago
4 0

Answer:

R = 450%/year

Equation:

r = (1/t)(A/P - 1)

Converting r decimal to R a percentage

R = 4.5 * 100 = 450%/year

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