asked 17.4k views
2 votes
you are building a new swimming pool in your backyard and borrow $600 from thr bank to help pay for the costs. after 3 years, you pay the bank $900, including simple interest. what was the interest rate on your loan? Show all work and write your answer as a percent please.

asked
User Jamlee
by
8.8k points

1 Answer

5 votes
the answer is 50% 600×50%=300
300+600=900

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.