Spencer paid $90.75 interest on a $5,600.00 90-day loan. What is the loan's interest rate using the exact interest method (round to the nearest hundredth)? O a. 0.94% O b. 6.48% O c. 6.57% O d. 0.22%

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Spencer paid $90.75 interest on a $5,600.00 90-day loan. What is the loan's interest rate using the exact interest
method (round to the nearest hundredth)?
O a. 0.94%
O b. 6.48%
O c. 6.57%
d. 0.22%
e Type here to search
24
SUS
Transcribed Image Text:Spencer paid $90.75 interest on a $5,600.00 90-day loan. What is the loan's interest rate using the exact interest method (round to the nearest hundredth)? O a. 0.94% O b. 6.48% O c. 6.57% d. 0.22% e Type here to search 24 SUS
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