Kremena took out a $500 discounted loan for a period of 3 months. The amount she actually

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Kremena took out a $500 discounted loan for a period of 3 months. The amount she actually received was $460. What is the (simple) interest rate for this loan? Give your answer as a percentage to the nearest percent.

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Tax Research

ISBN: 9780136015314

4th Edition

Authors: Barbara H. Karlin

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Posted Date: May 03, 2023 08:31 AM

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Kremena took out a $500 discounted loan for a period of 3 months. The amount she actually

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The amount of interest charged on the loan can be found by su... View the full answer

Tax Research

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