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Douglas borrowed $1000 from Patricia. He agreed to repay her $1150 after 3 years. What was the interest rate of the loan?
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Douglas borrowed $1000 from Patricia. He agreed to repay her $1150 after 3 years. What was the interest rate of the loan?

User Traendy
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1 Answer

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5% interest rate for the loan
User Vetrivel PS
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