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QUICK!! if the simple interest on $3,000 for 6 years is 1,440 then what is the interest rate​
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QUICK!! if the simple interest on $3,000 for 6 years is 1,440 then what is the interest rate​

User Omerjerk
by
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1 Answer

4 votes

Answer:

Explanation:

I=Prt so

1440 = 3000r(6) and

1440 = 18000r so

r = .08

As a percentage, which rates are, this is 8%

User Halsdunes
by
7.5k points
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