Question

A company will lend Maya’s older sister $4,000. Every month, she will pay $11.88 in interest. What is the interest rate, rounded to the nearest tenth of a percent, for 1 year?

Answer 1

120 i think

Explanation:

$11.88 rounded to the nearest tenth is 10 and there are 12 months in one year and 10 times 12 is 120