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Mathematics 9 Online
OpenStudy (anonymous):

Can someone walk me through this? Thanks 1. Nestor borrows $10,000 from the shady loan shark, Mr. Wildcat. Mr. Wildcat tells him he must repay the loan in 1 month and pay an additional $1000 in interest. If Mr. Wildcat is charging simple interest on his loan, what is the annual interest rate?

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