Question: A small Voice over Internet Protocol ( VoIP ) provider borrowed $ 2 million for new equipment and repaid the principal of the loan plus

A small Voice over Internet Protocol (VoIP) provider borrowed $2 million for new equipment and repaid the principal of the loan plus $275,000 interest after 1 year. What was the interest rate on the loan?
A small Voice over Internet Protocol (VoIP) provider borrowed $2 million

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