Crystalneedshelp1 Crystalneedshelp1

11-06-2020
Mathematics

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Frank borrowed $5,000 with an annual simple interest rate. The amount of interest he owed after 6 months was $300. What is the interest rate of the loan?
A. 1%
B. 6%
C. 10%
D. 12%

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Vickersbloodline213 Vickersbloodline213

18-06-2020

Answer:

B. 6%

Step-by-step explanation:

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