Question

A store offers customers two ways to pay for a new TV.

Option 1: Pay $1,500 today.

Option 2: Pay nothing today, and take out a simple interest loan to pay a total of $1,650 one year from now.

What is the simple interest rate on the loan in option 2?

Answer 1

10% don't listen to the person above

Explanation:

i got it right on imagine math

Answer 2

You get to keep 150

Explanation:

1,500 - 1,650 = 150