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Posted by on Monday, July 8, 2013 at 3:53pm.

Loan Amount: $15,000

Method of payment: discount basis

Amount of Interest : $650

Term of loan: 1 year

Effective Rate of Interest (to the nearest tenth): %

  • Math - , Monday, July 8, 2013 at 4:23pm

    100(650/15,000) = ?

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