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Walt Carter borrowed $2,500.00 to purchase a motorcycle. He agreed to pay back $2,800.50 in 270 days. What exact interest rate was he paying? (Round your answer to the nearest t…

Walt Carter borrowed $2,500.00 to purchase a motorcycle. He agreed to pay back $2,800.50 in 270 days. What exact interest rate was he paying? (Round your answer to the nearest t…
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Walt Carter borrowed $2,500.00 to purchase a motorcycle. He agreed to pay back $2,800.50 in 270 days. What exact interest rate was he paying? (Round your answer to the nearest tenth of a percent.)

User Blthayer
by
8.2k points

2 Answers

3 votes
The answer would be 0.74
User Keval Rathi
by
7.8k points
5 votes

Answer:

The answer is 16.2%

User SidAhmed
by
7.9k points
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