alvannybaez51 alvannybaez51

08-11-2019
Mathematics

contestada

April took out 600$ loan from the bank. At the end of 5 years, She pay the principal back, Plus 60$ simple interest. What was the annual interest rate.

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timandkimhack timandkimhack

12-11-2019

Answer:

The answer is 2%, or $12 per year.

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