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In Economics / Junior High School | 2025-03-25

For every 50.000 the bank lends to it's borrower,the latter pays back 7,000 interest at the end of one year.how much interest rate does the bank charge?

Asked by arneildeib930

Answer (1)

7000/50000= 0.140.14x100= 14%

Answered by MrSebas | 2025-03-31