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250/7 is the per month interest ... so 12 of those equals a year

35.71?

that was the interest per month; and for 12 months how much would that have been?

ok so then it would be $428.52

lets avoid truncating; it builds errors

well, both ways are equal to 4 decimal places so i spose thats fine as well

I got 119047

you missed your decimal .... but yeah

so lets go with 11.9%

I thought you said 4 decimal places?

youre welcome