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09-03-2016
Mathematics

contestada

Find the interest rate.
Interest: $24
Principal: $400
Time:2 years

Respuesta :

RASEA23 RASEA23

09-03-2016

Interest= Principal x Rate x Time (in yrs)
24=400 x R x 2
24=800 x R
R=24/800
R=.03
R= 3 %

Hope this helps :)

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