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LUCKY_DIMON [66]
4 years ago
13

Find the annual interest rate paid on this loan:

Mathematics
1 answer:
yuradex [85]4 years ago
7 0

Step-by-step explanation:

we know this

interest = $81; principal = $10,800; time = 1 month

r = i/p*r

r = 81/10,800 * 1

<em><u>r = 0.0075</u></em>

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