If the simple interest on $2,000 for 2 years is $280, then what is the interest rate?

asked Jul 28, 2022 203k views

7 votes

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10 votes

Answer:

0,28percent

Explanation:

If simple interest formula is = P X r X t

Then interest rate = p X t/ I

Rjd answered Aug 2, 2022

by Rjd

3.6k points

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