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Two years ago, then borrowed $150 from his brother to buy a CD player. He agreed to pay $50 in interest.what is the simple annual interest rate for this loan

Two years ago, then borrowed $150 from his brother to buy a CD player. He agreed to pay $50 in interest.what is the simple annual interest rate for this loan
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5 votes
Two years ago, then borrowed $150 from his brother to buy a CD player. He agreed to pay $50 in interest.what is the simple annual interest rate for this loan

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User Jdizzle
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8.3k points

1 Answer

7 votes
The simple annual interest for this loan is 150
answered
User Jminardi
by
8.0k points
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