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1. 2. 3. 4. Joan borrowed $1800 and is to repay the balance plus interest of $50 in 11 months.What was the rate of interest

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Joan borrowed $1800 and is to repay the balance plus interest of $50 in 11 months.What was the rate of interest charged? The interest rate is 10.25% Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)

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