Mathematics, 04.10.2021 01:00, naydabaddest

Billie took out a $1,200 discounted loan for a period of 3 months. The amount she actually received into her bank account was $1,150. What is the (simple) interest rate for this loan? Give your answer as a percentage to the nearest percent. Do not include the percent symbol in your answer.

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Billie took out a $1,200 discounted loan for a period of 3 months. The amount she actually received...