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A $7000 investment earns $840 annual simple interest in one year. what is the annual interest rate

Respuesta :

Brynn111
The interest rate is the percentage of the investment made up by the interest.
840/7000=0.12, or 12 percent.
sunshinet1983

Answer:

12%

Step-by-step explanation:

2.15 Quiz: Applications - Percents Wrap-Up

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