25-05-2021
Mathematics

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Jane borrowed $800 from a bank for 4 years and was charged simple interest. The total interest that she paid on the loan was $160. As a percentage, what was the annual interest rate of her loan?

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speedierattic75 speedierattic75

25-05-2021

It is 5% due to 50% being 400 which makes 5 percent 40

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