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An investment of $1,800 in the stock market earned $270 in three years. Find the simple interest rate

Respuesta :

breannalandon27

Answer:6 i think

Step-by-step explanation:

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%

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