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Sagot :
Answer: Simple interest Rate = 6.6%
Step-by-step explanation:
Simple Interest = PRT/100
P = $6000
T=1
R= ?
Simple Interest = 396
From Simple Interest = PRT/100
396 = (6000 x R x 1)/100
396 = 6000R/100
39600 = 6000R
R = 39600/6000
R = 6.6%
Simple interest Rate = 6.6%
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