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26 June, 03:51

Noah paid off a loan with a simple interest rate of 9.7% in 4 months. What was the APR?

29.1%

3.23%

2.43

15.5%

9.7%

+2
Answers (1)
  1. 26 June, 04:02
    0
    9.7% for 4 months = 9.7 * 3 = 29.1% for the year.
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