Mathematics, 30.03.2021 09:50, oscaryn7213

Debbie McAdams paid 9% interest on a $16,500 loan balance. Jan Burke paid $6,450 interest on a $107,500 loan. Based on 1 year: a. What was the amount of interest paid by Debbie?
What was the interest rate paid by Jan? (Round your answer to the nearest tenth percent.)

Answers: 3

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Debbie McAdams paid 9% interest on a $16,500 loan balance. Jan Burke paid $6,450 interest on a $107,500 loan. Based on 1 year: a. What was the amount of interest paid by Debbie? What was the interest rate paid by Jan? (Round your answer to the nearest tenth percent.)

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Debbie McAdams paid 9% interest on a $16,500 loan balance. Jan Burke paid $6,450 interest on a $107,500 loan. Based on 1 year: a. What was the amount of interest paid by Debbie?
What was the interest rate paid by Jan? (Round your answer to the nearest tenth percent.)