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17-11-2017
Mathematics

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Find the annual interest rate paid on this loan:
interest=$75 principal=$5,000 time=3 months

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17-11-2017

(x/100 *5000) /12 *3 = 75

50x/12 *3 = 75

150x/12 = 75

150x =900

x= 6 %

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