Eleceagrundy026 Eleceagrundy026
  • 24-10-2020
  • Mathematics
contestada

The cost of interest of a $500 loan for 12 months is $21.88. What is the interest rate charged for the loan per year?

Respuesta :

21cdunlap
21cdunlap 21cdunlap
  • 24-10-2020
the interest rate is approx. 22.85% per year.

500 divided by 21.88 equals approx 22.85.

hope this helps :)

Answer Link

Otras preguntas

Democracy ,oligarchy,tyranny,aristocrats which one not related .
Given: mAngleTRV = 60° mAngleTRS = (4x)° Prove: x = 30 3 lines are shown. A line with points T, R, W intersects with a line with points V, R, S at point R. A li
Help will give Brainly points
Example of complex sentences
PLEASE HELP!! Need done really quickly
M is the midpoint of AB with a line over it. A(5, 6) and B(13, 4). Find M.
18.94 - 3.25 What is⬆️
10. A chain of underwater mountains along which sea-floor spreading occurs is a​
Stear Corp. pays rent of $1,000 for its warehouse in cash at the beginning of the month of March. What will be the journal entry for this transaction on the sam
what is 9.647×10 7 in standard form