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three years agoc,ruby borrowed 12,000 .if she paid back 15,000 what was the rate of simple interest?
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WORD PROBLEM:

three years agoc,ruby borrowed 12,000 .if she paid back 15,000

QUESTION:

what was the rate of simple interest?

ANSWER⤵

"3,000"

EXPLANATION⤵

15,000 - 12,000

= 3,000.

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