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If you pay your $3,000 tuition 3 months before it is due, the local college will give you a $250 scholarship reducing your tuition payment
If you pay your $3,000 tuition 3 months before it is due, the local college will give you a $250 "scholarship" reducing your tuition payment to $2,750. What is the annual simple interest rate to which this incentive is equal? Group of answer choices 9.1% 8.3% 33.3% 36.4% 27.3%
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