Interest of $429.48 was charged on a loan of $9,500 over a period of 7 months. To two decimal places, what simple rate o

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899604
Joined: Mon Aug 02, 2021 8:13 am

Interest of $429.48 was charged on a loan of $9,500 over a period of 7 months. To two decimal places, what simple rate o

Post by answerhappygod »

Interest Of 429 48 Was Charged On A Loan Of 9 500 Over A Period Of 7 Months To Two Decimal Places What Simple Rate O 1
Interest Of 429 48 Was Charged On A Loan Of 9 500 Over A Period Of 7 Months To Two Decimal Places What Simple Rate O 1 (16.2 KiB) Viewed 59 times
Interest of $429.48 was charged on a loan of $9,500 over a period of 7 months. To two decimal places, what simple rate of interest was charged on the loan? A. 2.64% B. 4.38% OC. 7.75% D. 4.52% E. 3.48%
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”