Mathematics, 28.05.2020 17:57, jahbreingram123

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...