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My friend lent me $3500 six months ago to buy a computer that was on sale at that time. Now he wants his money back
My friend lent me $3500 six months ago to buy a computer that was on sale at that time. Now he wants his money back plus interest. He claims I owe him $4100 for the loan which was compounded monthly. What rate of interest is my friend charging me? Two decimal places.
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