A $7000 investment earns $840 annual simple interest in one year. what is the annual interest rate

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Brynn111 Brynn111 · Answer 1 · 2017-06-14T06:13:51+02:00

The interest rate is the percentage of the investment made up by the interest.
840/7000=0.12, or 12 percent.

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sunshinet1983 sunshinet1983 · Answer 2 · 2022-02-28T17:48:00+01:00

Answer:

12%

Step-by-step explanation:

2.15 Quiz: Applications - Percents Wrap-Up

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