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You have loan of $16,000 from a bank that you will pay it off with all together $19,900 after 3 years. Find the annual rate

You have loan of $16,000 from a bank that you will pay it off with all together $19,900 after 3 years. Find the annual rate of interest on this loan. Select one: : O a..09 b. .085 O c..075 O d..08 O e..07

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