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If $5000 earns $6000 simple interest in 12 years, find the interest rate.

If $5000 earns $6000 simple interest in 12 years, find the interest rate.
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If $5000 earns $6000 simple interest in 12 years, find the interest rate.

User Drew Khoury
by
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2 Answers

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The interest rate would be 10% per year
User Ldez
by
9.4k points
3 votes

Answer:

2.2% interest

Explanation:

User Hugmungus
by
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