you borrow $1000 from a friend and promise to pay back $1390 in 2 years. what simple interest rate, to the nearest tenth of a percent will you pay

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you borrow $1000 from a friend and promise to pay back $1390 in 2 years. what simple interest rate, to the nearest tenth of a percent will you pay

Mathematics
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At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

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I = PRT <-- our formula (Interest = Principle* Rate*Time) The interest paid back was (1390 - 1000 = 390) I = 390 P = 1000 T = 2 Now we sub 390 = 1000(R)(2) 390 = 2000R 390/2000 = R 0.195 = R 19.5% = R Interest rate 19.5%
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