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notka56 [123]
3 years ago
11

An X-ray machine for animals costs$125,000. If the loan is for 10 years, an the interest paid is $65,625, what is the interest r

ate on the loan
Mathematics
1 answer:
Rina8888 [55]3 years ago
3 0
The answer is 5.25%.

$65,625/10yrs=$6,562.50 per a year.

6,562.5/125000= .0525 which translates to 5.25%.


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