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April took out 600$ loan from the bank. At the end of 5 years, She pay the principal back, Plus 60$ simple interest. What was the annual interest rate.
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April took out 600$ loan from the bank. At the end of 5 years, She pay the principal back, Plus 60$ simple interest. What was the annual interest rate.
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Jan 23, 2020
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April took out 600$ loan from the bank. At the end of 5 years, She pay the principal back, Plus 60$ simple interest. What was the annual interest rate.
Mathematics
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Goranek
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Answer:
The answer is 2%, or $12 per year.
Seti Net
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Jan 28, 2020
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Seti Net
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