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9 July, 08:28

9. A simple interest loan with a principal of

$5000 is paid back after 2 years. The total

payment is $5875. What is the annual rate of

interest on the loan?

+3
Answers (1)
  1. 9 July, 10:22
    0
    437.50

    Step-by-step explanation:

    Okay so you need to give him 5000 but now its 5875 cuz you waited so just do 875:2
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