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Asked by Kelley

If $6000 invested for one year yields $390 in interest, find the investment rate.

how do I set up this problem?
8 years ago

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Answered by Steve
6000r = 390
r = 390/6000 = 0.065 or 6.5%
8 years ago
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If $6000 invested for one year yields $390 in interest, find the investment rate.

how do I set up this problem?

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