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If you want to earn $120.00 interest over a $1,200 principal in 4 years, what is the interest rate?

If you want to earn $120.00 interest over a $1,200 principal in 4 years, what is the interest rate?
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If you want to earn $120.00 interest over a $1,200 principal in 4 years, what is the interest rate?

asked
User Qqqqq
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7.2k points

1 Answer

7 votes
48. 12% Multiplied by 4. Hope this helps
answered
User Pakpoom Tiwakornkit
by
8.1k points
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