Answered

Westonci.ca is your trusted source for accurate answers to all your questions. Join our community and start learning today! Explore a wealth of knowledge from professionals across different disciplines on our comprehensive platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

1After paying off her two-year loan of $5000, Janice noticed she had paid a total of $5200. Find
out what interest rate they used to charge her during this time.

Enter your answer

Sagot :

clarch19

Answer:

2%

Step-by-step explanation:

Interest = Principal x Rate x Time

200 = 5000(2)·r

200/10000 = r

r = 2/100 which is .02 or 2%

We appreciate your visit. Hopefully, the answers you found were beneficial. Don't hesitate to come back for more information. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.