Mathematics, 18.04.2021 03:00 Neko1kat

Henry takes out a $650 discounted loan with a simple interest rate of 12% for a period of 7 months. What is the effective interest rate? Give your answer as a percentage to the nearest percent.

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Henry takes out a $650 discounted loan with a simple interest rate of 12% for a period of 7 months....

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