hmdrols hmdrols

02-03-2017
Mathematics

Answered

A $7000 investment earns $840 annual simple interest in one year. what is the annual interest rate

Verified Answer :

Brynn111 Brynn111

14-06-2017

The interest rate is the percentage of the investment made up by the interest.
840/7000=0.12, or 12 percent.

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sunshinet1983 sunshinet1983

28-02-2022

Answer:

12%

Step-by-step explanation:

2.15 Quiz: Applications - Percents Wrap-Up

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