Mathematics, 02.10.2020 18:01, bronson62

if you borrow $3,000 on an 8% discounted loan for 9 months, the amount you actually receive will be $2,820. Given this, what is the effective interest rate on the loan you receive?

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if you borrow $3,000 on an 8% discounted loan for 9 months, the amount you actually receive will be...