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Answer:
4.5%
Step-by-step explanation:
The interest is given by ...
I = Prt . . . . interest at annual rate r for t years on principal P
1008 = 5600r·4
1008/22400 = r = 0.045 = 4.5%
The annual interest rate on the loan is 4.5%.
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Answer:
6
Step-by-step explanation:
The explaination is in the picture