What is the interest rate on this offer

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Reference no: EM131572995

Sticks and Stuff Furniture is offering a bedroom suite for $3,000. The credit terms are 60 months at $50 per month. What is the interest rate on this offer?

1.15 percent

0.00 percent

1.65 percent

1.50 percent

1.30 percent

Reference no: EM131572995

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