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17 May, 17:20

Saccoro invested $3800 for 3 1/2 years she earn 983.25 in simple interest what was the annual interest rate to the nearest hundredth of a percent

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  1. 17 May, 20:23
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    I = PRT

    983.25 = (3800) (R) (3.5)

    983.25 = 13300R

    983.25 / 13300 = R

    0.07392 = R

    7.39% = R <==
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