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Marrrta [24]
3 years ago
15

Find the annual interest rate paid on this loan: interest=$75 principal=$5,000 time=3 months

Mathematics
1 answer:
MariettaO [177]3 years ago
3 0

(x/100 *5000) /12 *3 = 75

50x/12 *3 = 75

150x/12 = 75

150x =900

x= 6 %




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