Find the interest rate for a simple interest loan
Problem: Find the interest rate for a simple interest loan with P = $1420, I = $306.72, t =3 yearsA. 7.2%
B. 1.54%
C. 6.5%
D. 9%
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Find the interest rate for a simple interest loan with P = $1420, I = $306.72, t =3 years
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