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Donna has a $300 loan through the bank she is charged a simple rate The total interest she paid on the loan was $63 As a percentage what was the annual interest rate on her loan
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5 votes
Donna has a $300 loan through the bank she is charged a simple rate The total interest she paid on the loan was $63 As a percentage what was the annual interest rate on her loan

User Leompeters
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1 Answer

5 votes

Answer:

21%

Explanation:

($63*100%) / $300 = 21%

User Nello
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