Mathematics, 15.11.2021 01:00, SkinnestXOXO
Chang took out a $5000 loan for 292 days and was charged simple interest.
The total interest he paid on the loan was $336.
As a percentage, what was the annual interest rate of Chang's loan?
Assume that there are 365 days in a year, and do not round any intermediate computations.
If necessary, refer to the list of financial formulas.
Answers: 1
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Chang took out a $5000 loan for 292 days and was charged simple interest.
The total interest he pa...
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