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Question 20 A retired couple invested $6000 in bonds. At the end of one year, they received an interest payment of $402. What was the simple interest rate of the bonds? ​

Question 20 A retired couple invested $6000 in bonds. At the end of one year, they received an interest payment of $402. What was the simple interest rate of the bonds? ​
asked 151k views
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Question 20 A retired couple invested $6000 in bonds. At the end of one year, they received an interest payment of $402. What was the simple interest rate of the bonds? ​

asked
User Sebastian Vom Meer
by
7.8k points

1 Answer

3 votes

Answer: interest rate was 6.7 %

Step-by-step explanation: 402/6000 = 0.067 = 6.7%

answered
User Toyin
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