If the simple interest on $1,000 for 10 years is $600, then what is the interest rate?

Ziad asked Sep 28, 2023

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Ziad asked Sep 28, 2023

by Ziad

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24 votes

Answer:

60 or 70

Explanation:

$10 * 600 = 60000 \\$

1000 / 60000 = 60

60 + 10 = 70

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