asked 182k views
10 votes
A company will lend Maya’s older sister $4,000. Every month, she will pay $11.88 in interest. What is the interest rate, rounded to the nearest tenth of a percent, for 1 year?

asked
User Jacobs
by
8.0k points

1 Answer

13 votes

Answer:

120 i think

Explanation:

$11.88 rounded to the nearest tenth is 10 and there are 12 months in one year and 10 times 12 is 120

answered
User Bluevector
by
8.4k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.