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Tucker deposited $20,000 in a savings account with simple interest. Five years later, he had earned $14,000 in interest. What was the interest rate? Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years.​

User Azzlack
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Answer:

the interest rate should be 14%

User Artem Moskalev
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