Mathematics, 18.04.2021 02:40 ivan2076

The total interest on a discounted loan is $80. If James received $880 into his bank account on drawdown, and the loan lasts for 6 months, what is the (simple) interest rate? Give your answer as a percentage to the nearest tenth of a percent.

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The total interest on a discounted loan is $80. If James received $880 into his bank account on draw...