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28 October, 13:33

If the simple interest on $4,000 for 4 years is $960, then what is the interest rate?

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  1. 28 October, 14:42
    0
    6% Or 0.06

    Step-by-step explanation:

    I=PRT

    960=4000*R*4

    960=16000*R

    (960/16000)

    0.06=R

    (0.06*100) to find the "percent"

    6%
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