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2 years ago

11

Samantha received a loan from the bank for $4,500. She plans on paying off the loan in 4 years. At the end of 4 years, Samantha

will have paid $900 in interest. What was the interest rate on the loan?

1 answer:

ollegr [7]2 years ago

7 0

4500 x 4x=900
4x=0.2
x=0.05

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