Question: code class = asciimath > 1 . Company C received a loan at a 1 5 % interest rate. For this transaction, the interest is

code class

=

"asciimath"

> 1 .

Company C received a loan at a

15 %

interest rate. For this transaction, the interest is to be deducted at the time the money is released. At the end of one year, Company C will have to pay the same amount that is stated in the loan application. What actual interest rate was Company C charged?

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