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Mathematics, 23.05.2020 23:03 webbskyler

Anton borrowed $460 for a new bicycle. He made 9 monthly payments to repay the loan. He paid $60 interest. What is his simple interest rate?
13.0%
7.67%
9.75%
10.2%
17.4%

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Anton borrowed $460 for a new bicycle. He made 9 monthly payments to repay the loan. He paid $60 int...
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