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If the simple interest earned on $6000 for 9 years is $2,160. Then what is the interest rate?
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1 vote
If the simple interest earned on $6000 for 9 years is $2,160. Then what is the interest rate?

User Lgriffiths
by
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1 Answer

5 votes

Answer:

4 %

Explanation:

1 year interest =2160÷9

= £240

Interest rate=240/6000 ×100

=4%

User Rcl
by
4.1k points
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