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A loan company charges $ 100 interest for a one month loan of $ 2500. Find the annual interest rate they are charging.
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A loan company charges $ 100 interest for a one month loan of $ 2500. Find the annual interest rate they are charging.

User Abhyudaya Sharma
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1 Answer

2 votes

Answer:

1200

Explanation:

2500 is for one month annual means a year so you times 100 by 12 and you get your answer hope it helps :)

User Mark Baker
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