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  • 22-03-2024
  • Mathematics
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Lois's Dress Shop borrowed $1164.00 to buy material. The loan was paid off 2 months later by a lump-sum payment that included $14.53 of interest. What was the simple rate of interest at which the money was borrowed?
a) 1.5%
b) 2.0%
c) 2.5%
d) 3.0%

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