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What Rate Of Simple Interest Is Needed For $700 To Double,In 3 Years?

What Rate Of Simple Interest Is Needed For $700 To Double,In 3 Years?
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3 votes
What Rate Of Simple Interest Is Needed For $700 To Double,In 3 Years?

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User Matiasg
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1 Answer

6 votes
2p=p(1+3r)»2=1+3r»1=3r»r=1/3
answered
User Dnaranjo
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