Register

Teresa borrowed $9000 from a bank for 2 years and was charged simple interest. The total interest that she paid on the loans was $1620. As a percentage, what was the annual inte…

Teresa borrowed $9000 from a bank for 2 years and was charged simple interest. The total interest that she paid on the loans was $1620. As a percentage, what was the annual inte…
asked 31.7k views
3 votes
Teresa borrowed $9000 from a bank for 2 years and was charged simple interest. The total interest that she paid on the loans was $1620. As a percentage, what was the annual interest rate of her loan?

Thanks.

asked
User Rindra
by
8.7k points

1 Answer

2 votes

Answer: 9%

Explanation:

SI = prt/100

1620 = (9000 x r x 2) / 100

answered
User Thomas Eizinger
by
8.7k 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!