Answered

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Keisha borrowed $400 from a bank for 5 years and was charged simple interest. The total interest that she paid on the loan was $120. As a percentage, what was the annual interest rate of her loan?

Sagot :

Answer:

6%

Step-by-step explanation:

maferlindo05

Answer:

you need to divide 120 by 5

Step-by-step explanation:

the percentage is 16.6 and it goes on that is for 1 year

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