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Find the rate if a principal of $1100 earned 1089 interest in 12 years

Find the rate if a principal of $1100 earned 1089 interest in 12 years
asked 70.8k views
22 votes
Find the rate if a principal of $1100 earned 1089 interest in 12 years

asked
User Tzig
by
8.9k points

1 Answer

6 votes

Answer:

8.25

Explanation:

interest= principal x time x rate

1089=1100 x 12 x r/100

108900=13200r

r=8.25

answered
User Roobie
by
8.1k points
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