Question 1176669
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Hi

Yes!  Use Simple Interest Formula:
{{{A(t) = P(1 +rt)}}}
{{{A(t) = P + Prt)}}} 

{{{ r = (A-P)/Pt }}}

 {{{ r = (6450-6000)/(6000*1) }}}= .075  0r 7.5% interest rate


Wish You the Best in your Studies.
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