A bank is offering a simple interest loan for 2 dollars comma 500 If the total payback amount is 3 dollars comma 125 after 5 years, what was the bank’s interest rate?

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5 percent

Financial Applications of Fractions, Decimals, and Percentages - Quiz Quiz

A bank is offering a simple interest loan for 2 dollars comma 500 If the total payback amount is 3 dollars comma 125 after 5 years, what was the bank’s interest rate?

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