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5 votes
April took out a $600 loan from the bank. At the end of 5 years, she pays back the principal,

plus $60 simple interest. What was the interest rate? ***HINT*** Remember, you must first
find out how much interest is paid in 1 YEAR!*
(2 Points)

Help please

User Azalut
by
5.1k points

1 Answer

2 votes

I = 0.2%

not sure lol

but it will be correct i hope so

User Argus Duong
by
4.4k points