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just olya [345]
3 years ago
15

a loan of $940 was repaid at the end of 12 months with a check of $960 What annual rate of interest was changed

Mathematics
1 answer:
xxMikexx [17]3 years ago
4 0
960=940×12, 960=11,280
960÷11,280= 0.085 and that is the answer.
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