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21 June, 01:53

A vet borrows 12,000 dollars for 4 years. the total interest rate paid was 875 dollars. what was the interest rate on the loan?

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  1. 21 June, 05:13
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    This is actually quite simple. all you need to do with a question like this is divide the interest by the principal, and you get the percent answer to the rate. the answer would be approximately 7.3%.
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