SOLUTION: a orginal investment of 55,000 in three years earns 65,000 what is the simple interest rate? P=Prt/ I=Prt?
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Question 172697: a orginal investment of 55,000 in three years earns 65,000 what is the simple interest rate? P=Prt/ I=Prt?
Answer by jojo14344(1513) (Show Source): You can put this solution on YOUR website!
Simple Interest:
Where---->
We know, --->
Then,
= 6.060606%, Answer
Thank you,
Jojo
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