109k views
3 votes
Mason took out an $800 loan from the

bank. At the end of 5 years, he pays
back the principal, plus $120 simple
interest. What was the interest rate?

help !!

User Sneh
by
7.6k points

1 Answer

5 votes

Answer: 15%

Explanation:

User Kasaname
by
8.9k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories