Pablo borrowed $50,000 to start a business. Three years later, he repaid the $50,000, plus $13,875 interest. What was the rate of interest (as a percent)?

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07-06-2024
Business

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Pablo borrowed $50,000 to start a business. Three years later, he repaid the $50,000, plus $13,875 interest. What was the rate of interest (as a percent)?

Sagot :

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