kayleeyellow12p6obz4 kayleeyellow12p6obz4

04-04-2018
Mathematics

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After seven years, an initial investment of $600 earned $84. Find the interest rate.

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isaiahmartinez9 isaiahmartinez9

04-04-2018

If the interest rate never compounds, then the rate would be 84/600 = 14%

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Can someone help me step by step? I don’t understand

12 = x/3x=3x=4x=12x=36