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Interest : Find the interest rate for a simple interest loan with P=$1420, I=$306.72, t =3 years

Find the interest rate for a simple interest loan with P=$1420, I=$306.72, t =3 years

A. 7.2%
B. 1.54%
C. 6.5%
D. 9%

Solution Summary

An interest rate is found. The response received a rating of "5/5" from the student who originally posted the question.

$2.19