If the simple interest on $1,000 for 3 years is $240 , then what is the interest rate? The rate is nothing %.

asked Jun 25, 2022 91.8k views

11 votes

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13 votes

Answer:

the answer is 8

Explanation:

no prob

5.3k points

11 votes

Answer:

0.0067/ month interest rate and yearly is 0.08%

Oliver Blue answered Jun 30, 2022

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