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If the simple interest on $3,000 for 2 years is 300 then what is the interest rate​

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The class sociologist Max Weber formulated a three-component theory of stratification that saw political power as an interplay between “class”, “status” and “group power. ” Weber theorized that class position was determined by a person’s skills and education, rather than by their relationship to the means of production

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Does that make sense??

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If the simple interest on $3,000 for 2 years is 300 then what is the interest rate-example-1
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