Answered

Westonci.ca makes finding answers easy, with a community of experts ready to provide you with the information you seek. Ask your questions and receive precise answers from experienced professionals across different disciplines. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

A repair shop took out a 1-year loan to buy new equipment. The loan was for 10,000, but at the end of the year he had to pay a total of 11,950. What was the simple interest rate on the loan?

Sagot :

We hope this was helpful. Please come back whenever you need more information or answers to your queries. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.