predatorlol predatorlol
  • 07-10-2020
  • Mathematics
contestada

If Jack pay a money lender $75 of interest
for a loan of $500 for 6 months, what
annual rate of interest is this?

Respuesta :

markv1978
markv1978 markv1978
  • 07-10-2020
75 -> 6 months

75+75 = 150 1 year interest


150/500 = 0.3 * 100 =

30%
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