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SAT, 25.02.2021 17:50 kayla6653

Neil borrows $300. If he pays it back in 15 monthly installments of $25, what is the average interest rate over the whole 15 months?
Select one:
A. 37.5%
B. 30%
C. 25%
D. 45%

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Answers: 3

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Neil borrows $300. If he pays it back in 15 monthly installments of $25, what is the average interes...
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