question archive A person collected $6,300 on a loan of ?$5,400 they made 7 years ago

A person collected $6,300 on a loan of ?$5,400 they made 7 years ago

Subject:MathPrice:2.87 Bought7

A person collected $6,300 on a loan of ?$5,400 they made 7 years ago. If the person charged simple? interest, what was the rate of? interest?

 

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