Register

Kaylee obtains a loan with simple interest to buy a car that costs $8,500. If Kaylee pays $1,020 in interest during the four-year term of the loan, what was the rate of simple i…

Kaylee obtains a loan with simple interest to buy a car that costs $8,500. If Kaylee pays $1,020 in interest during the four-year term of the loan, what was the rate of simple i…
asked 107k views
3 votes
Kaylee obtains a loan with simple interest to buy a car that costs $8,500. If Kaylee pays $1,020 in interest during the four-year term of the loan, what was the rate of simple interest?

asked
User Himanshu Tanwar
by
8.1k points

1 Answer

4 votes

Answer:

The rate is 3 percentage

answered
User Aaron Wells
by
7.4k points
← Prev Question Next Question →

Related questions

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

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!