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- If Monsieur Legendre is charged an interest of $42.95 on a loan of $950.00 for seven months, calculate the rate of interest he paid

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- If Monsieur Legendre is charged an interest of $42.95 on a loan of $950.00 for seven months, calculate the rate of interest he paid for the loan. Give your answer in percentage, rounded to nearest 100th

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