Register

To start a taco food truck service, a woman borrowed $7,500. If the loan was for 5 years and the amount of interest was $3187.50, what simple interest rate was she charged?​

To start a taco food truck service, a woman borrowed $7,500. If the loan was for 5 years and the amount of interest was $3187.50, what simple interest rate was she charged?​
asked 13.4k views
5 votes
To start a taco food truck service, a woman borrowed $7,500. If the loan was for 5 years and the amount of interest was $3187.50, what simple interest rate was she charged?​

asked
User Troels Arvin
by
8.7k points

1 Answer

2 votes

Answer:

The interest rate was 42.5%.

Explanation:

answered
User Pitu
by
8.1k 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

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!