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Question Find the rate if a principal of $1,100 earned $1,089 interest in 12 years.
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Question
Find the rate if a principal of $1,100 earned $1,089 interest in 12
years.

User Kolzar
by
6.6k points

1 Answer

1 vote

Answer:

Explanation:

Intrest = PRT\100

$1089. =. ($1100x12xR)\100

$1089. = 132R

 Divide through by 132.

R. =. 8.25%

User Uzumaki Naruto
by
8.4k points
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