SOLUTION: After 3 months the simple interest earned annually on an investment of $7000 was $63. Find the interest rate

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Question 667914: After 3 months the simple interest earned annually on an investment of $7000 was $63. Find the interest rate
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
63=7000*r*0.25
63/1750=r
0.036=3.6%