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28 November, 03:13

At what simple interest rate would you invest $1,400 to earn $420 after 6 years?

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  1. 28 November, 03:20
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    5%

    Explanation:

    I = P * R * T

    420 = 1400 * R/100 * 6

    R = 420 / 84 = 5%
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