SOLUTION: Mr. Smith borrowed ​$28,000 to purchase stock for his baseball card shop. He repaid the simple interest loan after three years. He paid interest of ​$6,160 . What was
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Question 1047276: Mr. Smith borrowed $28,000 to purchase stock for his baseball card shop. He repaid the simple interest loan after three years. He paid interest of $6,160 . What was the interest rate? Answer by josmiceli(19441) (Show Source):
