Lenah accumulated $24,000 in simple interest school loans by the time she graduated. She deferred payments for

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Lenah accumulated $24,000 in simple interest school loans by the time she graduated. She deferred payments for three years while she looked for a permanent full-time job. If she owed $27,060 at the end of the three years when she began repayment, what was her interest rate?

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College Algebra

ISBN: 9780135226865

11th Edition

Authors: Michael Sullivan, Michael Sullivan III

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