If the simple interest on $3000 for 8 years is $1680, then what is the interest rate?

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asked Mar 28, 2018 21.0k views

2 votes

If the simple interest on $3000 for 8 years is $1680, then what is the interest rate?

Mathematics
high-school

Sabir Moglad asked

by Sabir Moglad

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R=i/pt
R=1680/3000*8=1,680÷24,000
=0.07*100=7%

Jolyonruss answered Apr 1, 2018

by Jolyonruss

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