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April took out a $600 loan from the bank. At the end of 5 years, she pays back the principal, plus $60 simple interest. What was the interest rate?

April took out a $600 loan from the bank. At the end of 5 years, she pays back the principal, plus $60 simple interest. What was the interest rate?
asked 141k views
2 votes
April took out a $600 loan from the

bank. At the end of 5 years, she pays
back the principal, plus $60 simple
interest. What was the interest rate?

asked
User Kenny Grage
by
8.0k points

2 Answers

5 votes

Answer:

I don’t know

Explanation:

answered
User Ravi Gautam
by
8.7k points
5 votes

Answer:

2%

Explanation:

answered
User Anirudhdhsinh Jadeja
by
8.1k points
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