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Question 2 If you paid $60 to a loan company for the use of $1000 for 60 days, what annual rate of interest did

Question 2 If you paid $60 to a loan company for the use of $1000 for 60 days, what annual rate of interest did they charge? (Take 1 year-360 days) 3.6% 36% 36 % 360%

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