Mathematics, 23.02.2021 01:20, nostalgiafaith

James borrows $4,200 to pay his college tuition. He signs a 5-year simple interest loan. lf the monthly payments are $78.40, what is the interest rate on the loan? 2%
2.4%
3%
3.2%

Answers: 1

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James borrows $4,200 to pay his college tuition. He signs a 5-year simple interest loan. lf the mont...