michaelramzz michaelramzz
  • 09-03-2020
  • Mathematics
contestada

James borrows $4200 to pay his college tuition. He signs a 5 year simple interest loan. If the monthly payments are $78.40, what is the interest rate on the loan?
A) 2%
B) 2.4%
C) 3%
D)3.2%

Respuesta :

keepyourheadup
keepyourheadup keepyourheadup
  • 09-03-2020
the interest rate should be C 3%
Answer Link

Otras preguntas

What are actionable genes
Which of the following outcomes is the best example of how health is a factor that affects population?
a hollow impression of a dinosaur bone is
Which statement about fairy tales suggests an indirect cause
Ron is five years older than twice his cousin Pat’s age. The sum of their ages is less than 35. What is the greatest age that Pat could be? 7,8, or 10? Please m
Which of the following compounds are nonelectrolyte? A) sodium bromide B) magnesium sulfate C) carbon tetrachloride D) calcium hydroxide
Help Please!!! Solve the following system of equations and show all work. y = x2 + 3 y = x + 5,
123456780-646472.657
Select all the correct answers. What are the advantages a market economy offers producers? minimal government intervention property rights monopoly
why might samuel adams and other colonial leaders have spread the story of the boston massacre to other colonies