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pishuonlain [190]
3 years ago
5

April took out $600 loan from the bank. At the End of five years, she paid back $600, plus $60 in simple interest. What was the

interest rate?
Mathematics
2 answers:
NeTakaya3 years ago
6 0

60/600=.1

 

.1/5=.02=2% interest rate over 5 years

☺☺☺☺

Mekhanik [1.2K]3 years ago
5 0

Just from looking, I would say the interest is 10%. To check however, the easiest way to find percent is to make the percent a decimal and multiply. 600 times 0.10 is 60, so It would be 10% simple interest

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