Register

April took out a $600 loan from the bank. At the end of 5 years she pays back the principal plus $60 simple intrest. What is the annual intrest rate

April took out a $600 loan from the bank. At the end of 5 years she pays back the principal plus $60 simple intrest. What is the annual intrest rate
asked 42.0k views
3 votes
april took out a $600 loan from the bank. At the end of 5 years she pays back the principal plus $60 simple intrest. What is the annual intrest rate

asked
User Jarodsmk
by
8.1k points

1 Answer

2 votes
I’m pretty sure it would be 120 plus 60 at the end so that would make it 180
answered
User Montresor
by
8.4k points
← Prev Question Next Question →

Related questions

User Elliot Roberts
asked Jun 25, 2018 91.6k views
Find thw exact intrest for $600 at 8% for 45 days. round to nearest cent
Elliot Roberts asked Jun 25, 2018
by Elliot Roberts
8.6k points
1 answer
1 vote
91.6k views
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!