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If the simple interest on $5,000 for 6 years is $2,400 then what is the interest rate? The rate is __%
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Jun 9, 2021
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If the simple interest on $5,000 for 6 years is $2,400 then what is the interest rate?
The rate is __%
Mathematics
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Krystian Szymukowicz
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Answer:
8%
Explanation:
2400 ÷ 6 = 400
400/5000 × 100 = 8%
Kevin Ghadyani
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Jun 15, 2021
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Kevin Ghadyani
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