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OpenStudy (anonymous):
Kyle paid $96 in interest to borrow $7200 for 4 months. What annual interest rate did Kyle pay?
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OpenStudy (anonymous):
Best guess? 96/4=x12 so 288 over a year 288=7200x x=.04 the annual interest rate i believe was 4%
OpenStudy (anonymous):
Thanks!
OpenStudy (anonymous):
No problem. :) Have a great night.
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