Answered

Get reliable answers to your questions at Westonci.ca, where our knowledgeable community is always ready to help. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

Luis is taking out a car loan for $5,000. He plans on paying off the car loan in 2 years. At the end of 2 years, Luis will have paid $300 in interest. What is the simple interest rate on the car loan?

Sagot :

Answer:

3%

Step-by-step explanation:

We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.