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Mathematics 19 Online
OpenStudy (anonymous):

Sebastian's parents agree to lend him $200 for some gaming equipment, as long as he pays them back $250 in a year's time. What is the rate of simple annual interest in this arrangement?

OpenStudy (amistre64):

250-200 -------- 200

OpenStudy (anonymous):

25%

OpenStudy (amistre64):

yep

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