determine the simple interest applied to a principle over 20 years if the total interest paid equals the borrowed principal​

Question

determine the simple interest applied to a principle over 20 years if the total interest paid equals the borrowed principal​

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Alice 7 hours 2022-01-08T08:07:15+00:00 1 Answer 0 views 0

Answers ( )

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    2022-01-08T08:08:51+00:00

    Answer:

      5%

    Step-by-step explanation:

    You want to find r when …

      I = Prt

    is equal to P and t=20.

      P = Pr·20 . . . . fill in the problem values

      1/20 = r = 0.05 = 5% . . . . divide by 20P

    The simple interest rate is 5%.

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45:7+7-4:2-5:5*4+35:2 =? ( )