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