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Ana took out a $600 loan from the bank. At the end of 5 years, she pays back $60 in interest. What was the interest rate?

Ana took out a $600 loan from the bank. At the end of 5 years, she pays back $60 in interest. What was the interest rate?
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Ana took out a $600 loan from the bank. At the end of 5 years, she pays back $60 in interest. What was the interest rate?

User Grahamparks
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1 Answer

1 vote

Answer:

Ana payed a 10% interest rate.

User Dotun
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