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Pete borrowed $400 for 1 year. He paid back a total of $440. What was the interest rate per year?

Pete borrowed $400 for 1 year. He paid back a total of $440. What was the interest rate per year?
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Pete borrowed $400 for 1 year. He paid back a total of $440. What was the interest rate per year?

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User Jhawes
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Answer:

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User BobMcboberson
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