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Sagot :
The simple interest rate of the investment is 5%.
What is the simple interest rate?
Simple interest rate is when interest is paid only on the principal portion of the investment.
Interest rate = interest earned / (principal x time)
$270 / ($1800 x 3) = 0.05 = 5%
To learn more about interest, please check: https://brainly.com/question/26367706
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