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If the simple interest on $5,000 for 5 years in $1,250, then what is the interest rate?

If the simple interest on $5,000 for 5 years in $1,250, then what is the interest rate?
asked 179k views
5 votes
If the simple interest on $5,000 for 5 years in $1,250, then what is the interest rate?

asked
User Cogle
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7.7k points

1 Answer

5 votes

Answer:

1 year

Explanation:

answered
User Daniel Gratzer
by
8.1k points
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