A loan company charges $ 100 interest for a one month loan of $ 2500. Find the annual interest rate they are charging.

Question

asked May 8, 2022 13.6k views

1 Answer

Mark Baker · Answer 1 · 2022-05-15T11:36:42+0000

Answer:

1200

Explanation:

2500 is for one month annual means a year so you times 100 by 12 and you get your answer hope it helps :)