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mario62 [17]
3 years ago
9

Melody paid off a loan of $120,000 in 10 years. If she made a payment of $1,225 each month, then what was the simple interest ra

te for her loan?
PLEASE HELP!!!
Mathematics
1 answer:
sdas [7]3 years ago
7 0
I think it’s .01% because 1225/120000=.010208
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