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Mathematics, 05.08.2020 05:01 Giovanni0312

A person collected $700 on a loan of $600 they made 5 years ago. If the person charged simple interest, what was the rate of interest? The interest rate is %. (Type an integer or decimal rounded to the nearest hundredth as needed.)

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A person collected $700 on a loan of $600 they made 5 years ago. If the person charged simple intere...

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