SOLUTION: If a business borrows $20,000 and repays $34,100 in 6 years, what is the simple interest rate? I GET VERY CONFUSED WITH THESE .CAN YOU HELP ME WHEN YOU GET A MINUTE?

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Question 474296: If a business borrows $20,000 and repays $34,100 in 6 years, what is the simple interest rate?
I GET VERY CONFUSED WITH THESE .CAN YOU HELP ME WHEN YOU GET A MINUTE?
Answer by solver91311(24713) About Me  (Show Source):
You can put this solution on YOUR website!


There you go shouting again.


John

My calculator said it, I believe it, that settles it
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