the simple intrest earned on $500,000 invested for eighteen months is $90,000 what was the interest rate?

asked Jan 7, 2022 38.0k views

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4 votes

12% interest. since 500,000 x 1.12 every year, and the length was 18 months, 500,000 x 1.18 = 90,000 after eighteen months.

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Answer:

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Agstudy answered Jan 12, 2022

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