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14 July, 07:29

Find the annual interest rate paid on this loan:

interest = $81; principal = $10,800; time = 1 month

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  1. 14 July, 07:54
    0
    Step-by-step explanation:

    we know this

    interest = $81; principal = $10,800; time = 1 month

    r = i/p*r

    r = 81/10,800 * 1

    r = 0.0075
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