Wade takes a car to a title loan business to borrow some money. Wade is given $1,000.00. He must pay back the $1,000.00
Posted: Sat Jul 09, 2022 1:58 pm
Wade takes a car to a title loan business to borrow some money.Wade is given $1,000.00. He must pay back the $1,000.00 in additionto a $500.00 fee in 7 months. What simple interest rate is he beingcharged?Round to the nearest tenth of a percent and don't forget toinclude a percent sign, %, in your answer.Wade is being charged a simply interest rate of ___ %