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If the simple interest on $5,000 for 9 years is $4,050, then what is the interest rate? The rate is %?

If the simple interest on $5,000 for 9 years is $4,050, then what is the interest rate? The rate is %?
asked 134k views
4 votes
If the simple interest on $5,000 for 9 years is $4,050, then what is the interest rate?

The rate is %?

asked
User Baikho
by
8.8k points

1 Answer

3 votes

Answer:

Total Interest Paid $432,400.00

Explanation:

answered
User Sanooj T
by
8.8k points
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