Moe's parents are refurnishing the house. They purchase a living room set for $4,000. After making payments for 5 years, Moe's parents will have paid a total of $5,700. What is the interest rate on their loan?
Moe's parents are refurnishing the house. They purchase a living room set for $4,000. After making payments for 5 years, Moe's parents will have paid a total of $5,700. What is the interest rate on their loan?
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