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If the simple interest on $1000 for 10 years is $400, then what is the interest rate?

If the simple interest on $1000 for 10 years is $400, then what is the interest rate?
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If the simple interest on $1000 for 10 years is $400, then what is the interest rate?

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User Marlo Guthrie
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1 Answer

3 votes
The interest rate on this problem would be 4 percent
answered
User Blackwizard
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