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If the simple interest on $6,000 for 7 years is $2,520, then what is the interest rate?
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5 votes
If the simple interest on $6,000 for 7 years is $2,520, then what is the interest rate?

User DhrubaJyoti
by
6.2k points

1 Answer

5 votes
Answer:
7%
Explanation:
2520/6 = 420 per year.
420 = 7% of 6000
User Will Buck
by
6.1k points
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