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A company will lend Maya’s older sister $4,000. Every month, she will pay $11.88 in interest. What is the interest rate, rounded to the nearest tenth of a percent, for 1 year?
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A company will lend Maya’s older sister $4,000. Every month, she will pay $11.88 in interest. What is the interest rate, rounded to the nearest tenth of a percent, for 1 year?

User Jacobs
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1 Answer

13 votes

Answer:

120 i think

Explanation:

$11.88 rounded to the nearest tenth is 10 and there are 12 months in one year and 10 times 12 is 120

User Bluevector
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