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Mathematics 8 Online
OpenStudy (anonymous):

After two years, the simple interest paid on an investment of $2500 was $175. What percent was the interest rate? HELP ME!!!!!!!!!!!

OpenStudy (anonymous):

Interest rate, or rate of return ROR is equal to the amount of interest accrued divided by the original investment. i = $175/$2500x100% = 7%

OpenStudy (anonymous):

But isn't the equation I = PRT?

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