ECONOMICS (CBSE/UGC NET)

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ECONOMICS

COMPOUND INTEREST

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Jenna borrowed $5, 000 for 3 years and had to pay $1, 350 simple interest at the end of that time. What rate of interest did she pay?
A
6%
B
6%
C
8%
D
9%
Explanation: 
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