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Find the rate if a principal of $1100 earned 1089 interest in 12 years
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Find the rate if a principal of $1100 earned 1089 interest in 12 years

User Tzig
by
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1 Answer

6 votes

Answer:

8.25

Explanation:

interest= principal x time x rate

1089=1100 x 12 x r/100

108900=13200r

r=8.25

User Roobie
by
8.1k points
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