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3 years ago

14

in intjammera received a $3000 car loan she plans on paying off the loan in 2 years at the end of 2 years jamerra will have paid

$450 in interest what is the simple interest rate on the car loan?

1 answer:

mel-nik [20]3 years ago

4 0

Answer:

450=(3000*r*2)/100

solve for r

therefore r = 7.5 per cent

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