Register

Kim paid $373.75 in interest on a one-year $6500 car loan. What was his annual interest rate?

Kim paid $373.75 in interest on a one-year $6500 car loan. What was his annual interest rate?
195k views
5 votes
Kim paid $373.75 in interest on a one-year $6500 car loan. What was his annual interest rate?

User KristofferR
by
8.3k points

1 Answer

5 votes

Answer: the annual interest rate is approximately 5.75%.

Explanation:

User Duvet
by
8.0k points
← Prev Question Next Question →

Related questions

Ask a Question
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

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!