SOLUTION: To start a mobile dog-grooming service, a woman borrows $4,000. If the loan was for 2 years and the amount of interest was $376, what simple interest rate was she charged?

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Question 1134676: To start a mobile dog-grooming service, a woman borrows $4,000. If the loan was for 2 years and the amount of interest was $376, what simple interest rate was she charged?
Answer by josmiceli(19441)   (Show Source): You can put this solution on YOUR website!








4.7% interest

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