If the simple interest on $7,000 for 6 years is $2,100 then what is the interest rate?

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asked Jul 16, 2022 158k views

1 vote

If the simple interest on $7,000 for 6 years is $2,100 then what is the interest rate?

Mathematics
high-school

Howellmartinez asked

by Howellmartinez

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2 Answers

5 votes

Answer:

0.03 or 3%

Explanation:

I = Prt

r = I/(Pt)

r = 1200/(7000 * 6)

r = 1200/42000

r = 0.03

Chirag Ravindra answered Jul 18, 2022

by Chirag Ravindra

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5 votes

Answer:

your not even helping anyone but only steeling thee points

Explanation:

Hohner answered Jul 22, 2022

by Hohner

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