Help ASAP. George receives a 3-year loan for $2000. At the end of the loan he has paid $30 in interest. What was his simple interest rate? A.50% B. 0.5% C.5% D. 0.05%

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asked Apr 5, 2021 9.3k views

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Help ASAP. George receives a 3-year loan for $2000. At the end of the loan he has paid $30 in

interest. What was his simple interest rate?
A.50%
B. 0.5% C.5%
D. 0.05%

Mathematics
high-school

Chanikag asked

by Chanikag

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1 Answer

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Explanation:

2000$ is far from 30$ so it is b

Zerhinne answered Apr 9, 2021

by Zerhinne

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