If you receive $500 in simple interest on a loan that you made for $10,000 for five

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If you receive $500 in simple interest on a loan that you made for $10,000 for five years, what was the interest rate you charged?

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Principles Of Economics

ISBN: 9781506699868

2nd Edition

Authors: OpenStax

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Question Posted: Oct 31, 2023 09:41 AM

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If you receive $500 in simple interest on a loan that you made for $10,000 for five

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Principles Of Economics

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