Question 1047276
{{{ I = P*r*t }}}
{{{ I = 6160 }}}
{{{ P = 28000 }}}
{{{ t = 3 }}}
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{{{ 6160 = 28000*r*3 }}}
{{{ 6160 = 84000r }}}
{{{ r = .07333 }}}
The interest rate is 7 and 1/3 percent