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22 October, 14:14

Carlos borrowed 25,000 for 3 years and had to pay $3,750 simple interest at the end of that time. What rate of interest did he pay?

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  1. 22 October, 14:44
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    Answer: 5% interest rate

    Step-by-step explanation: 25000+3750 divided by 3 is 26250

    3750 out of 25000 as a percentage is %5
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