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Mathematics, 05.03.2021 20:50 officialrogerfp3gf2s

The simple interest owed on a loan of $5600 after 4 years is $1008. What 1 pc percent represents the annual interest rate on the loan?

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a.3.5%
b.4.5%
c.5.5%
d.6.5%

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Answers: 3

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