Question: Use the add - on method for determining interest on a loan of $ 6 9 0 , wh an annual rate of 1 1

Use the add-on method for determining interest on a loan of $690, wh an annual rate of 11% and a berm of 2 years. Theth determine the arnual interest rate daring the last month of the ligan
During the last moeth of the loan, the annual interest rate is
(Type a whole number.)
Use the add - on method for determining interest

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