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QUESTION

Madison Duke needed start-up money for her bakery . She borrowed 1,200.00 for 30 months and paid 360.00 simple interest on the loan . What interest rate did she pay?

Madison Duke needed start-up money for her bakery . She borrowed 1,200.00 for 30 months and paid 360.00 simple interest on the loan . What interest rate did she pay?

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