$890 interest was charged on $8900 borrowed on a simple interest basis for eight months. What was the interest rate per month on the loan?

Name: $890 interest was charged on $8900 borrowed on a simple interest basis for eight months. What was the interest rate per month on the loan?
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The Answer of $890 interest was charged on $8900 borrowed on a simple interest basis for eight months. What was the interest rate per month on the loan?

$890 Interest Was Charged on $8900 Borrowed on a Simple