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A company is offering a diamond ring for sale for 36 months at $100 per month. The retail price of the ring is $3,100. What

A company is offering a diamond ring for sale for 36 months at $100 per month. The retail price of the ring is $3,100. What is the interest rate on this offer?

A. 8.90%

B. 9.98%

C. 12.25%

D. 10.16%

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