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SAT, 13.06.2020 00:57 krys4281

Frank borrowed $5,000 with an annual simple interest rate. The amount of interest he owed after 6 months was $300. What is the interest rate of the loan? A. 1%
B. 6%
C. 10%
D. 12%

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Frank borrowed $5,000 with an annual simple interest rate. The amount of interest he owed after 6 mo...
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