Question 1200060
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$930 was borrowed, and $950 was repaid
interest = 950-930 = 20 dollars


18 months = (18/12) years = 1.5 years


If we're dealing with simple interest, then,
i = P*r*t
20 = 930*r*1.5
20 = 1395r
r = 20/1395
r = 0.0143 approximately


Answer: <font color=red>Approximately 1.43%</font>
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