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Posted by on Wednesday, November 14, 2012 at 7:03pm.

After one year ,a writer had to pay $589 in interest on a $6,200 loan.what is the interest rate?

  • maths - , Wednesday, November 14, 2012 at 7:06pm

    I = PRT

    589 = 6200 * R * 1

    589/6200 = R

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