Mathematics, 24.03.2021 19:00 kim643
Cassandra obtains a loan with simple interest to buy a car that costs $8,500. If Cassandra pays $1,020 in interest during the four-year term of the loan, what was the rate of simple interest?
A. 8.3%
B. 3%
C. 0.03%
D. 12%
Answers: 3
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