Mathematics, 08.07.2021 23:20 susanasalleyp3enwe

If Katy takes out a discounted loan from the bank for $500 for 7 months, but only receives $460 into her bank account, what's the simple interest rate? Give your answer as a percentage to the nearest hundredth of a percent.

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If Katy takes out a discounted loan from the bank for $500 for 7 months, but only receives $460 into...

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