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If the simple interest on ​$7000 for 5 years is ​$​2800, then what is the interest​ rate?

If the simple interest on ​$7000 for 5 years is ​$​2800, then what is the interest​ rate?
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If the simple interest on ​$7000 for 5 years is ​$​2800, then what is the interest​ rate?

User Lucas Siqueira
by
8.2k points

1 Answer

5 votes

Answer:

R%= P × T /SI

r = $7000×5 /$2800

r= 12.5%

plzz thnx my answer..

User Karim Abdell Salam
by
9.0k points
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