Mathematics, 18.01.2020 20:31, dontworry48

Bobby took out a single loan for $500 and paid a $50bobby took out a single loan for $500 and paid a $50 fee. his loan is due in 1 week. find the effective interest rate on the loan bobby took out. round the answer to one decimal place. fee. his loan is due in 1 week. find the effective interest rate on the loan bobby took out. round the answer to one decimal place.

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Bobby took out a single loan for $500 and paid a $50bobby took out a single loan for $500 and paid a...