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Mathematics, 05.05.2020 06:29 growingideas

A store offers customers two ways to pay for a new TV.

Option 1: Pay $1,500 today.

Option 2: Pay nothing today, and take out a simple interest loan to pay a total of $1,650 one year from now.

What is the simple interest rate on the loan in option 2?

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A store offers customers two ways to pay for a new TV.

Option 1: Pay $1,500 today.

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