math

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the total amount of interest on this loan of \$6000 for 150 days is \$210.50.
what is the rate of interest on this loan?

If not compounded, or simple interest, then
Interest=Principal(rateinterest)*time

Here time is 5/12 of a year, you are given the interest and principle. Figure the rate of interest.

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25.26

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Vicky was charged \$456 interest for 1 month on a \$2400 credit card balance. What was the monthly interest rate?

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