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32 votes
32 votes
The interest of $6000 in 3 years is 600. what is the simple interest rate?who is this

User Sharnell
by
3.5k points

1 Answer

12 votes
12 votes

Answer:

  • 3.33%

Explanation:

The interest amount in one year:

  • 600/3 = 200

Interest rate:

  • 200/6000*100% = 3.33%
User Sukesh
by
2.9k points
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