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13 December, 15:23

Find the rate (R) if I = $900, P = $7500, and T = 2 years. R=

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  1. 13 December, 19:03
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    The rate is 6%

    Step-by-step explanation:

    I = $900, P = $7500 and T = 2 years

    I = PRT/100

    900 = (7500 * R * 2) / 100

    900 * 100 = 15000R

    90000 = 15000R

    Divide both side by 15000

    R = 90000/15000

    R = 6%
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