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I=$310 P=$1,000 t=5 years
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I=$310 P=$1,000 t=5 years

User Nuno Tomas
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I = P x r x t
r = I/P x t

r = 310/1000 x 5
r = 0.62
r = 0.62 x 100
r = 62%
User Chris Blackwell
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