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Jbranson87 Jbranson87
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A year ago
Kyle Winston borrowed $4,000 for 90 days. At the due date, he paid $75 interest plus he repaid all of the principal. What was the ordinary simple interest rate (360-day year) that was charged on the loan? (to nearest 1/10 of a percent)
Textbook 
Contemporary Business Mathematics for Colleges

Contemporary Business Mathematics for Colleges


Edition: 16th
Authors:
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evgenomeevgenome
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A year ago
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