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2 years ago

11

Jenna borrowed $5,000 for 3 years and had to pay $1,350 simple interest at the end of that time. What RATE of interest did she p

ay?*
6%
10%
8%
9%

1 answer:

mote1985 [20]2 years ago

7 0

Answer:

Simple Interest =PRT/100

Rate= I ×100/PT

=1350×100/5000×3

135000/15000

=9%

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