What is the simple interest rate if $51.67 in interest is earned on a deposit of $1377.53 in one year?

asked Mar 6, 2022 18.8k views

1 vote

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1 vote

Answer:

2666.01%

Explanation:

Intrest=(PA)*I*T

1377.53=51.67*I*1

I=26.6601=2666.01%

Ikreb answered Mar 10, 2022

by Ikreb

3.8k points

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