Allyson took out a loan for $8,500 to pay for a trip to Europe. If this was a 4-year loan with monthly payments of $212.50, what is the interest rate?

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Tags
Categories
Ask a Question

Newbs asked Sep 24, 2023

296,045 views

39 votes

Allyson took out a loan for $8,500 to pay for a

trip to Europe. If this was a 4-year loan with
monthly payments of $212.50, what is the
interest rate?

Mathematics
high-school

Newbs asked Sep 24, 2023

by Newbs

3.2k points

0 Comments

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Your answer

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

1 Answer

17 votes

Answer:

%10

Explanation:

Data Monk answered Sep 30, 2023

by Data Monk

2.5k points

0 Comments

Your comment on this answer:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

0 Comments

Your comment on this question:

Your answer

1 Answer

0 Comments

Your comment on this answer:

Other Questions