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what simple interest rate is $420 the interest for 2 1/2 years on $1200?

Guest Jun 27, 2017
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$420 / (2 1/2) =$420 x 2/5 =$168 Simple interest for 1 Year

$168 / $1,200 =0.14 x 100 = 14% - Simple annual interest  rate.

Guest Jun 27, 2017

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