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Incorrect Your answer is incorrect. Teresa borrowed $3000 from a bank for 4 years and was charged simple interest. The total interest that she paid

Incorrect Your answer is incorrect. Teresa borrowed $3000 from a bank for 4 years and was charged simple interest. The total interest that she paid on the loan was $960. As a percentage, what was the annual interest rate of her loan? If necessary, refer to the list of financial formulas. X

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