nancydrew2007 nancydrew2007

14-05-2021
Mathematics

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the simple intrest earned on $500,000 invested for eighteen months is $90,000 what was the interest rate?

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desreana6 desreana6

14-05-2021

Answer:

am comin to you I going to work it

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Ryderfergus Ryderfergus

14-05-2021

12% interest. since 500,000 x 1.12 every year, and the length was 18 months, 500,000 x 1.18 = 90,000 after eighteen months.

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