ilenelson61 ilenelson61

07-10-2020
Mathematics

contestada

If Steve paid back $7,945 on a $7000 simple interest loan after 3
years. What was the interest rate?

Respuesta :

lakshmiramanan9 lakshmiramanan9

07-10-2020

Answer:

interest rate= 4.5%

Step-by-step explanation:

steve paid back=7945

loan------------------7000

total interest for 3 years=945

for one year-----------------=315

rate of interest= (315 X 100)/7000= 4.5%

Answer Link

Otras preguntas

Kayla runs a small bakery in her town. The following expression models the total amount of money Kayla's bakery earns in a particular month, where x represents

Chris wants to paint the ceiling of his restaurant. The ceiling is in the shape of a square. Its side lengths are 55 feet. Suppose each can of paint will cover

how did satellites impact scientific understanding of space during the late 20th century

Both dual enrollment and Ap courses offer the following possibilities except that: A. They can enhance your collage admissions applications B. they can make col

Solve the inequality. -45<-9k would the answer be 5>k or 5

what is a radical in history? (american revolution)

Ariana wants to make $207 she makes $10 a week how many weeks and months does she need to work to make $207

It cost a flat free of 3.15 to make an international call plus $0.05 for every minute that you talk. If you were charged $5.10 for making an international call,

Solve the inequality. -45<-9k would the answer be 5>k or 5

Happiness is probably best expressed through _____. sign language facial expression posture grooming