loni1521 loni1521

08-02-2022
Mathematics

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At what simple interest rate would you invest $1,400 to earn $420 after 6 years? Answer in complete sentences.

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Аноним Аноним

08-02-2022

Answer:

5%

Step-by-step explanation:

I = P × R × T

420 = 1400 × R/100 × 6

R = 420 / 84 = 5%

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