If the simple interest on ​$7,000 for 3 years is ​$1,680 , then what is the interest​ rate?

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If the simple interest on ​$7,000 for 3 years is ​$1,680 , then what is the interest​ rate?

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Acacia 5 years 2021-07-22T10:14:39+00:00 1 Answers 32 views 0

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  1. thaiduong
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    2021-07-22T10:16:32+00:00
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    Answer:

    Calculate Principal, Interest Rate, Time or Interest. … You received $72 in interest after 3 years. … where I is interest, P is total principal, i is rate of interest per year, and t is total time in years. In this example I = $72, i = 4% and t = 3 years, so …

    Step-by-step explanation:

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