A payment on a loan is $650 a month for 6 years. The principle was $25,000....

 

 

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A payment on a loan is $650 a month for 6 years. The principle was $25,000. What was the simple interest rate? Write as a percent with one decimal place. A payment on a loan is $650 a month for 6 years. The principle was $25,000. What was the simple interest rate? Write as a percent with one decimal place.