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If the simple interest on ​$7,000 for 3 years is ​$1,680 , then what is the interest​ rate?

User Keyslinger
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Answer:

Calculate Principal, Interest Rate, Time or Interest. ... You received $72 in interest after 3 years. ... where I is interest, P is total principal, i is rate of interest per year, and t is total time in years. In this example I = $72, i = 4% and t = 3 years, so ...

Explanation:

User Asif Khan
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