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26 March, 04:52

Like borrowed $15,000 to pay his college tuition. Aftershocks graduates he will repay the loan along with simple interest. After two years Luke will owe a total of $17,250. What is the simple interest rate on Luke's loan

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  1. 26 March, 08:13
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    7.5%

    Step-by-step explanation:

    17,250-15,000=2,250

    2,250/2=1,125

    1,125 = 7.5%
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