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OpenStudy (anonymous):
I= Prt After 8 months, $750 simple interest was owed on a loan of $9000. Find the annual interest rate
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OpenStudy (anonymous):
p=9000 r= interest rate (not given here) t=time (as a fraction of 1 year 8/12 or 2/3) I=750 solve for r
OpenStudy (anonymous):
my answer is 12.5% = r
OpenStudy (anonymous):
:) awesomeness
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