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If you wanted to make $798 by investing $6139 for 3 years in an account that pays simple interest, what interest rate you would need to achieve your goal?

If you wanted to make $798 by investing $6139 for 3 years in an account that pays simple interest, what interest rate you would need to achieve your goal?
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If you wanted to make $798 by investing $6139 for 3 years in an account that pays simple interest, what interest rate you would need to achieve your goal?

asked
User Telson Alva
by
7.8k points

1 Answer

7 votes

Answer:

Below

Explanation:

6139 * x * 3 = 798

x = 798/(3*6139) = .0433= 4.33%

answered
User Vitto
by
8.5k points
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