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What simple interest rate is needed for $1,000 to grow to $1,071.25 in 9 months? (Round to the nearest tenth of a percent, if necessary)
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9 votes
What simple interest rate is needed for $1,000 to grow to $1,071.25 in 9 months? (Round to the nearest tenth of a percent, if necessary)

User Fishingfon
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1 Answer

10 votes

Answer:

9.6%

Explanation:

What simple interest rate is needed for $1,000 to grow to $1,071.25 in 9 months? (Round-example-1
User Tsps
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