Business, 09.11.2020 06:40, 484132604

PLEASE HELP! Your family purchased new living room furniture on credit at the store, which is a simple interest loan. If your family paid $300.00 in interest on the principal of $1,000.00
over 5 years, what was the rate of the loan?
1.) 6%
2.) 8%
3.) 4%
4.) 2%

Answers: 1

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PLEASE HELP! Your family purchased new living room furniture on credit at the store, which is a sim...