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rjkz [21]
3 years ago
12

Sofia received a 3,000 car loan. She plans on paying off the loan in 2 years. At the end of 2 years, Sofia will have paid $450 i

n interest. What is the simple interest rate on the car loan?
Mathematics
1 answer:
poizon [28]3 years ago
3 0
(So “/” will basically mean divide)
450/3000=0.15
0.15*100=15% rate
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