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Interest earned: $76 Principal: $800 Interest rate:? Time: 2 years
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Interest earned: $76
Principal: $800
Interest rate:?
Time: 2 years

User MwcsMac
by
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1 Answer

3 votes

Answer:

19%

interest earned = base × time × rate

interest rate = interest earned/ base × time

76/800*2 = 0.19 = 19%

User Zsalzbank
by
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