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Joanna received a loan from the bank for $5,000, and she plans on paying the loan back in 3 years. She will have paid $800 in simple interest. What is the simple interest rate of the bank loan? * 1 point
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Dec 7, 2022
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Joanna received a loan from the bank for $5,000, and she plans on paying the loan back in 3 years. She will have paid $800 in simple interest. What is the simple interest rate of the bank loan? *
1 point
.05%
5.3%
18.75%
Mathematics
college
Nagendra Nag
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Answer:
5.3 is the amswer! Hope u pass
Kknaguib
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Dec 10, 2022
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Kknaguib
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