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Digiron [165]
4 years ago
13

A loan company charges $30 interest

Mathematics
1 answer:
yulyashka [42]4 years ago
5 0

Answer:

0.72%

Step-by-step explanation:

Finding what percentage is $30 of $500:

30/500 x 100 = 6

So, it is 5% per month.

Converting it to annual:

6% x 12 = 0.72%

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