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After seven years, an initial investment of $600 earned $84. Find the interest rate.

After seven years, an initial investment of $600 earned $84. Find the interest rate.
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After seven years, an initial investment of $600 earned $84. Find the interest rate.

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User JVillella
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1 Answer

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If the interest rate never compounds, then the rate would be 84/600 = 14%
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User Vinhent
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