A man borrowed $9000 for four years under simple interest. At the end of the four years his balance due was $11,160. What annual simple interest rate did he pay?

Name: A man borrowed $9000 for four years under simple interest. At the end of the four years his balance due was $11,160. What annual simple interest rate did he pay?
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The Answer of A man borrowed $9000 for four years under simple interest. At the end of the four years his balance due was $11,160. What annual simple interest rate did he pay?

A Man Borrowed $9000 for Four Years Under Simple Interest