Mathematics, 26.02.2021 20:10, 7rnmartinez
You want to find the rate of simple annual interest for a two-year loan. The bank charges $560 interest for the $2,000 loan.
What is the simple annual interest rate?
I = Prt
560 = 2,000 x r x 2
Answers: 1
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You want to find the rate of simple annual interest for a two-year loan. The bank charges $560 inter...
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