Apple5736 Apple5736
  • 19-02-2021
  • Mathematics
contestada

Agatha borrowed $4,500 from the bank. 4 years later, Agatha owes the bank $5,040. What was the percentage rate of simple interest in the loan?

Respuesta :

Stephenlozano03 Stephenlozano03
  • 19-02-2021

Answer:

12%

Step-by-step explanation:

If we subtract both numbers we get 540.

[tex]\frac{540}{4500} = \frac{x}{100} \\[/tex]

540 x 100 = 54,000

54,000 / 4,500 = 12%

Answer Link

Otras preguntas

change the following sentence into a question :cloud computing is more difficult to fathom than cloud above us​
write a Letter to the headmaster asking for permission to be absent on a particular day​
Select the statement that best describes components of complete and incomplete metamorphosis. (2 points) a. During incomplete metamorphosis, the nymph molts its
EXPERT HELP: I'LL GIVE BRAINLIEST:
Discuss whether or not skilled workers are always paid more than unskilled workers.
whats the definition of pons
pano mo.malalaman na ng isang gawi o kilos ay nakabatay sa tama o maling konsenaiya​
what is electric potential ​
if a, b, and c are different prime numbers and abc=30, what is the sum of a, b, and c ?
PLEASE HELP!!!!!!! DESPERATE!!!! Simplify the expression to a + bi form: √81+√-6-√64+√-150