Question: Help CONSUMER MATHEMATICS 1/3 Elizabe Finding the principal, rate, or time of a simple interest loan or.. Mai borrowed $8000 from a bank for 2

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CONSUMER MATHEMATICS 1/3 Elizabe Finding the principal, rate, or time of a simple interest loan or.. Mai borrowed $8000 from a bank for 2 years and was charged simple interest. The total interest that she paid on the loan was $1280. As a percentage, what was the annual interest rate of her loan? If necessary, refer to the list of financial formulas. 1% X

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