SOLUTION: how can you calculate if $4300 yields $1290 in simple interest over 6 years what is the annual rate?

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Question 735472: how can you calculate if $4300 yields $1290 in simple interest over 6 years what is the annual rate?
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
+1290+%2F+6+=+215+ annual interest
+215+%2F+4300+=+.05+
+.05%2A100+=+5+
The annual rate is 5%