Question

april took out a 600$ loan from the back. at the of 5 years, she pays back the principal, plus 60$ simple interest. what was the annual intreat rate?

Answer 1

Answer:

april took out a 600$ loan from the back. at the of 5 years, she pays back the principal, plus 60$ simple interest. what was the annual intreat rate? .1/5=.02=2 interest rate over 5 years sorry if i am wrong

Explanation:

answer 2%

Answer 2

Explanation:

Um. Can you please rewrite the sentence it does not makes sense to me. Thank you.