If $22,050 is the amount payable in two years for a $20,000 simple loan made today, the interest rate is MB Chapter 4 If $22,050 is the amount payable in two years for a $20,000 simple loan made today, the interest rate is A) 5 percent. B) 10 percent. C) 22 percent. D) 25 percent. Answer: A Learn More : Share this Share on FacebookTweet on TwitterPlus on Google+
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