document.write( "Question 172697: a orginal investment of 55,000 in three years earns 65,000 what is the simple interest rate? P=Prt/ I=Prt? \n" ); document.write( "

Algebra.Com's Answer #127579 by jojo14344(1513) $\"\"$ $\"About$

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Simple Interest: $\"I=Prt\"$
\n" ); document.write( "Where----> $\"system%28I=Interest%2CP=Principal%2Cr=rate%2Ct=time%29\"$
\n" ); document.write( "We know, $\"I=10000\"$ ---> $\"65000-55000=10000\"$
\n" ); document.write( "Then,
\n" ); document.write( " $\"10000=55000%28r%29%283%29\"$
\n" ); document.write( " $\"10000=165000%28r%29\"$
\n" ); document.write( " $\"cross%2810000%290.060606%2Fcross%28165000%29=cross%28165000%29r%2Fcross%28165000%29\"$
\n" ); document.write( " $\"r=0.060606%2A100\"$ = 6.060606%, Answer
\n" ); document.write( "Thank you,
\n" ); document.write( "Jojo \n" ); document.write( "

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