QUESTION 2 Suppose a relative of yours asks to borrow $50, which they agree to repay with $15 simple interest after a month. You agree to the deal. What is the interest rate that you relative has suggested? Summarize the information provided. Po = 1 = Identify the formula you will use to solve by writing the letter of the formula here: A. I = Por B. A Po(1 + r) C. A Po(1 + rt) Solve the problem and give your answer here in percentage form: 4

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A:

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A: Answer and explanation is given below..

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A: Given,

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A: Given,

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A: RateTimeInterest

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A:

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A:

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