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What is the interest rate of this loan

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Question - Hadley's tuition for the coming school year is due today. He borrows $10,000 from his uncle and agree to repay $12,500, three years from today. What is the interest rate of this loan?

a. 5.51%

b. 6.67%

c. 7.72%

d. 8.06%

e. 7.46%

Reference no: EM132827877

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