If the lease factor is given as 0.0030, what interest rate is that equivalent to?

Interest rate would be 7.2%.

Step-by-step explanation:

Since we have given that

Least factor = 0.0030

We need to find the interest rate:

To get interest rate from least factor, we need to multiply the least factor with 2400.

so, it becomes,

Hence, Interest rate would be 7.2%.

this is a very good question

step-by-step explanation:

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answer: 140

step-by-step explanation:

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