sandtray sandtray

04-07-2021
Mathematics

contestada

Keisha borrowed $400 from a bank for 5 years and was charged simple interest. The total interest that she paid on the loan was $120. As a percentage, what was the annual interest rate of her loan?

Respuesta :

loconte loconte

04-07-2021

Answer:

6%

Step-by-step explanation:

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maferlindo05 maferlindo05

04-07-2021

Answer:

you need to divide 120 by 5

Step-by-step explanation:

the percentage is 16.6 and it goes on that is for 1 year

Answer Link

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