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A man earns $112 interest in one year on an investment of 1,400. What was his rate of interest?

A man earns $112 interest in one year on an investment of 1,400. What was his rate of interest?
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A man earns $112 interest in one year on an investment of 1,400. What was his rate of interest?

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User Bindas
by
8.6k points

1 Answer

1 vote
I(interest rate)=P(principle)R(rate)T(time)
I=112*1400*1
I=$156800
answered
User Trenthaynes
by
8.6k points
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