Teresa took out a $3000 loan for 11 months and was charged simple interest. The total interest she paid on the loan was $253. As a percentage, what was the annual interest rate of Teresa's loan? Do not round any intermediate computations. If necessary, refer to the list of finangial formulas.

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A: Given, a land developer declared a dividend of 10,000,000 for its common stock. Suppose there are…

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Q: How much interest (to the nearest dollar) would be saved on the following loan if the condominium…

A: The solution is given below

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A: See the attachment

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A: Solution

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A: If Ms. Smith receives an income of $26,247 per year, how much does she receive each month

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Q: Sammy wants to buy a new stereo priced at $403. He enters into an agreement to pay $21 a month for…

A: Sammy wants to buy a new stereo priced at $403. He enters into an agreement to pay $21 a month for…

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A: topic - percentage

Q: Sally took a loan of 18000 Rial from S.R Finance to purchase a TV set. If the company charges Simple…

A: Principal = 18000 Rial R= 0.08 p.a for first two years R= 0.1 p.a for next three years.