Philippa took out a $860 discounted loan for a period of m months at a simple interest rate of 6%. The amount she actually received into her bank account was $838.50. Calculate the effective interest rate of this loan to the nearest 0.01%

Which statements about the system are true? check all that apply. y =1/3 x – 4 3y – x = –7 the system has one solution. the system consists of parallel lines. both lines have the same slope. both lines have the same y–intercept. the equations represent the same line. the lines intersect.