Please help!! If the simple interest on $7,000 for 7 years is $1,960, then what is the interest rate?

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asked Oct 16, 2021 172k views

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Dmitry Egorov · Answer 1 · 2021-10-23T01:22:32+0000

Answer:

7000x- 28% = 1960

so the answer is 28%

Step-by-step explanation: Its just trial and error. If you have more questions on this topic just try using the calculator and use the x and - method above :)

Please help!! If the simple interest on $7,000 for 7 years is $1,960, then what is the interest rate?

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Please help!! If the simple interest on ​$7,000 for 7 years is ​$1,960​, then what is the interest​ rate?

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Please help!! If the simple interest on $7,000 for 7 years is $1,960, then what is the interest rate?