Multiple Choice
To start a mobile dog-grooming service, a woman borrowed $2,400. If the loan was for 2 years and the amount of interest was $120, what simple interest rate was she charged?
A) 2.1%
B) 2.5%
C) 2.8%
D) 2.3%
E) 2.4%
Correct Answer:
Verified
Correct Answer:
Verified
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