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You borrow $350 from your aunt and agree to repay her $400 ( $350 principal +$50 interest) in 18 months. What interest rate (using simple
You borrow
$350
from your aunt and agree to repay her
$400
(
$350
principal
+$50
interest) in 18 months. What interest rate (using simple interest, and to the nearest tenth) are you paying?\
14.3%
\
12.5%
\
9.5%
\
11.2%
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