Mathematics, 26.03.2021 16:30, chandranewlon

April took out a $600 loan from the bank. At the end of 5 years, she pays back the principal, plus $60 simple interest. What was the interest rate?
a) 2%
b) 7%
c) 1.2%
d) 5.5%

Answers: 3

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April took out a $600 loan from the bank. At the end of 5 years, she pays back the principal, plus $60 simple interest. What was the interest rate? a) 2% b) 7% c) 1.2% d) 5.5%

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Other questions on the subject: Mathematics

Questions in other subjects:

April took out a $600 loan from the bank. At the end of 5 years, she pays back the principal, plus $60 simple interest. What was the interest rate?
a) 2%
b) 7%
c) 1.2%
d) 5.5%