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3 October, 18:18

in intjammera received a $3000 car loan she plans on paying off the loan in 2 years at the end of 2 years jamerra will have paid $450 in interest what is the simple interest rate on the car loan?

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  1. 3 October, 18:35
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    450 = (3000*r*2) / 100

    solve for r

    therefore r = 7.5 per cent
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