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Mrs. Robinson borrows $5,000 for 90 days and pays $80 interest. What is her annual rate of interest? 1.6%. 6.49%. 12.98%. 6.40%.

Mrs. Robinson borrows $5,000 for 90 days and pays $80 interest. What is her annual rate of interest?

1.6%.

6.49%.

12.98%.

6.40%.

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