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At the end of a 10-year loan, $13,570 had been paid in interest. If the initial loan amount was $23,000, find the interest rate

At the end of a 10-year loan, $13,570 had been paid in interest. If the initial loan amount was $23,000, find the interest rate
asked 68.2k views
15 votes
At the end of a 10-year loan, $13,570 had been paid in interest. If the initial loan amount was $23,000, find the interest rate

asked
User Pezo
by
8.2k points

1 Answer

5 votes

Answer:

5.9%

Explanation:

answered
User Orel Eraki
by
7.8k points
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