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Posted: **Tue Jul 12, 2022 11:53 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 1 (16.2 KiB) Viewed 60 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%