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08-12-2020
Mathematics

contestada

If the simple interest on $6,000 for 9 years is $3,240 , then what is the interest rate?

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bhumikaaa bhumikaaa

08-12-2020

Answer:

6%

Step-by-step explanation:

principal =6000$

time=9years

simple interest=3,240$

now,

Rate=SI ×100/P×T

=3240×100/6000×9

=324000/54000

=6%

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