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Mathematics, 22.03.2020 19:52 nockturnal1993

If Gwen takes out a discounted loan for $400 for 13 months, but only receives $340 into her bank account, what's the simple interest rate? Give your answer as a percentage to the nearest hundredth of a percent.

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If Gwen takes out a discounted loan for $400 for 13 months, but only receives $340 into her bank acc...
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