crystalrenae7571
crystalrenae7571 crystalrenae7571
  • 21-03-2020
  • Mathematics
contestada

A loan of $990 was repaid at the end of 6 months with a check for 1015. What annual interest was charged

A loan of 990 was repaid at the end of 6 months with a check for 1015 What annual interest was charged class=

Respuesta :

GamingLegion GamingLegion
  • 21-03-2020

The answer is .42%

Explained

I / PT = R

I = The amount of interest paid

P = The amount paid before adding interest

T = The time (weeks, months, years)

R = Interest Rate (must move 2 decimal place to the right)

Answer Link

Otras preguntas

write the following ratio in simplest form : 32 min : 36 min A. 8 : 9 B. 8 : 36 C. 32 : 9 D. 128 : 144
Why  might  things far away  and  long  ago  be   important   to  us now.
write the following ratio in simplest form : 32 min : 36 min A. 8 : 9 B. 8 : 36 C. 32 : 9 D. 128 : 144
what is a rational number between 1/8 and 1/4?
What's the answer to 1\2x+3=9
Why  might  things far away  and  long  ago  be   important   to  us now.
4a + 3 - 9 = -7 + 2 + a
if 4 bags of corn can feed a herd of cows for 6 days, how many bags will feed the herd for 9 days ?
the pair of polygons is similar. find the value of x. answer on picture
what can turn igneous rock into sediment?