OpenStax, Prealgebra 2e §6.4 Solve Simple Interest Applications · Exercise 30 · Algebra · Algebra word problems

Solve Simple Interest Applications · Exercise 30

Solve the problem using the simple interest formula.

Pablo borrowed $\$ \text{50},\text{000} $t os t a r t ab u s in ess . T h r eey e a r s l a t er, h er e p ai d t h e$ $\text{50},\text{000}, $pl u s$ $\text{9},\text{375}$ interest. What was the rate of interest?

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OpenStax, Prealgebra 2e · §6.4 Solve Simple Interest Applications · Exercise 30

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