SOLUTION: if a bussiness borrows 20,000 and repays 32,000 i 6 years,what is the simple interet rate

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Question 607569: if a bussiness borrows 20,000 and repays 32,000 i 6 years,what is the simple interet rate
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
32000-20000=12000
12000/6=2000
2000/20000=0.10=10%