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Mathematics, 05.03.2020 03:40 chiah

Krisi took out a $500 discounted loan calculated using a simple interest rate of 5% for a period of 2 years. What is the effective interest rate? Give your answer as a percentage to the nearest tenth of a percent.

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Krisi took out a $500 discounted loan calculated using a simple interest rate of 5% for a period of...

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