Alemayehu S. answered • 12/06/14
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114/7600 = .015
.015*100% = 1.5%
So, the $7600 loan has an interest rate of 1.5%
James J.
asked • 12/06/14Business math word problem
The simple interest charged on a 2 month loan of $7,600 is $114. Calculate the rate.
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