Register

Borrowed $3,500 and paid back $4,200 at the end of 4 years. What was the average annual compound rate of interest on the loan?

Borrowed $3,500 and paid back $4,200 at the end of 4 years. What was the average annual compound rate of interest on the loan?
asked 112k views
5 votes
borrowed $3,500 and paid back $4,200 at the end of 4 years. What was the average annual compound rate of interest on the loan?

asked
User Banesto
by
8.3k points

2 Answers

6 votes
i believe it would be $175
answered
User Barankin
by
8.4k points
5 votes

ANSWER

My answer is in the phograph above

borrowed $3,500 and paid back $4,200 at the end of 4 years. What was the average annual-example-1
answered
User ManishChristian
by
8.6k points
← Prev Question Next Question →

No related questions found

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

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!