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2 years ago

9

Luis is taking out a car loan for $5,000. He plans on paying off the car loan in 2 years. At the end of 2 years, Luis will have

paid $300 in interest. What is the simple interest rate on the car loan?

1 answer:

ss7ja [257]2 years ago

3 0

Answer:

3%

Step-by-step explanation:

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