Find the simple interest rate per annum on $22,000, if at the end of 3 years the interest is equal to $6000

asked Oct 20, 2021 48.2k views

4 votes

by Lexpj

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4 votes

Answer:

9.09 %

Explanation:

1). 6000 / 3 = 2000 $ interest per year

2). 2000 / 22 000 = 9.09 %

Alampada answered Oct 26, 2021

3.6k points

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