Kace03 Kace03
  • 03-12-2021
  • Mathematics
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If the simple interest on 5,000 for 3 years is 1,200 then what is the interest rate

Respuesta :

Bebol Bebol
  • 03-12-2021
I=prt
1200=5000(3)r
1200=15000r
R=0.08
8% or 0.08
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