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Find the monthly interest rate. what is the monthly interest rate if an annual rate is 16.6%? 13.83% 15.6% 1.38% 01.3% Solve the problem. Round to the nearest cent. James has a credit card with a monthly rate of 1.2%. The account applies the unpaid balance method. His unpaid balance for the Mar billing cycle is $783.50. During the billing cycle he made purchases of $439.21, returned items for $10.47, and made a payment of $225.00. Find the new balance. O $1017.58 O $996.64 O $213.14 $1007.11 Solve the problem. Enrique borrowed $2500 to put a down payment on a motorcycle. The loan had a simple interest rate of 8% for 2 years. Use the formula l-prt to find the amount of interest he will pay on the loan. I interest; p- prinapal r rate (expressed as a decimal 0.08); t time in years. O $2000 $2900 $200 $400