15. James borrows $4,200 to pay his college tuition. He signs a 5-year simple interest loan. If the monthly payments are $78,40, what is the interest rate on the loan?

15. James borrows $4,200 to pay his college tuition. He signs a 5-year simple interest loan. If the monthly payments are $78,40, what is the interest rate on the loan?

asked Apr 12, 2021 168k views

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