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21-01-2021
Mathematics

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If the simple interest on $2,000 for 7 years is $840, then what is the interest rate?

Respuesta :

jbatista1738 jbatista1738

21-01-2021

Answer:

Step-by-step explanation:

7 years times 12 months = 70,560.00

Interest rates paid is/= 68,560.00

3% principal

97% interest

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