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OpenStudy (anonymous):
If the simple interest on $5000 for 9 years is $3600, then what is the rate?
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OpenStudy (anonymous):
A= P(1+ rt)
OpenStudy (anonymous):
3600= 5000(1+(r) (9))
OpenStudy (anonymous):
3600= 5000 + 9r 3600= 5000 + 45000r -5000 -5000 -1400 = 45000r
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