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19-03-2020
Mathematics

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paid $1,000 in interest on a loan of $10,000 for a
period of 5 years. What was the interest rate?

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Аноним Аноним

19-03-2020

Answer:

R = 2 % per annum.

Step-by-step explanation:

SI = (P*T*R) /100

$1000 = ($10000 * 5 yrs *Rate) /100

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