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Suppose a 8-year loan for principal amount
$8500
was taken out. Over the life of the loan
$3400
was paid. If interest did not compound, what was the interest rate per year?

Respuesta :

Shreyakumari

Step-by-step explanation:

8500× 8

8500

× 8

52000

so,

I will complete your answer

you can any doubt please ask to me

the interest rate per year is = 52000 answer

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