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3 years ago

10

Kaylee obtains a loan with simple interest to buy a car that costs $8,500. If Kaylee pays $1,020 in interest during the four-yea

r term of the loan, what was the rate of simple interest?

1 answer:

sladkih [1.3K]3 years ago

7 0

Answer:

The rate is 3 percentage

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Given

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