Mathematics, 15.04.2021 19:00 gonzalesalexiaouv1bg

Rachel had a loan for $4,000 loan for 4 years. She paid a total of $608 in simple interest over the 4 years.
What was the annual interest rate for the loan?

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Rachel had a loan for $4,000 loan for 4 years. She paid a total of $608 in simple interest over the...