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Donna has a $300 loan through the bank she is charged a simple rate The total interest she paid on the loan was $63 As a percentage what was the annual interest rate on her loan…

Donna has a $300 loan through the bank she is charged a simple rate The total interest she paid on the loan was $63 As a percentage what was the annual interest rate on her loan…
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5 votes
Donna has a $300 loan through the bank she is charged a simple rate The total interest she paid on the loan was $63 As a percentage what was the annual interest rate on her loan

asked
User Leompeters
by
9.5k points

1 Answer

5 votes

Answer:

21%

Explanation:

($63*100%) / $300 = 21%

answered
User Nello
by
8.2k points
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