crystalrenae7571
crystalrenae7571 crystalrenae7571
  • 21-03-2020
  • Mathematics
contestada

A loan of $990 was repaid at the end of 6 months with a check for 1015. What annual interest was charged

A loan of 990 was repaid at the end of 6 months with a check for 1015 What annual interest was charged class=

Respuesta :

GamingLegion GamingLegion
  • 21-03-2020

The answer is .42%

Explained

I / PT = R

I = The amount of interest paid

P = The amount paid before adding interest

T = The time (weeks, months, years)

R = Interest Rate (must move 2 decimal place to the right)

Answer Link

Otras preguntas

Find the x intercepts of y=2x^2+x-21
i just need help with this i dont get it
subtract and simplify10/w -1/3
how might a suit of armor be a good analogy for a function of the skeletal system
Which of the following statements is not true about acid rain? a. Acid rain will erode marble statues b. Acid rain can change the pH of lakes and streams c.
y=-3x+55x - 4y= -3solvining systems of equations by substitution
What Was Maria Antoinette's Political Views ??
I really need help on my math homework please anyone
3.79 rounded to the nearest tenth
What Was Maria Antoinette's Political Views ??