HELP ME ASAP!!! You want to find the rate of simple annual interest for a two-year loan. The bank charges $560 interest for the $2,000 loan. What is the simple annual interest rate? I = Prt 560 = 2,000

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asked May 25, 2022 226k views

22 votes

HELP ME ASAP!!!

You want to find the rate of simple annual interest for a two-year loan. The bank charges $560 interest for the $2,000 loan.

What is the simple annual interest rate?

I = Prt

560 = 2,000 x r x 2

Mathematics
high-school

Grigoryants Artem asked

by Grigoryants Artem

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2 Answers

9 votes

Answer:

14 precent

Explanation:

i took the quiz

Lunguini answered May 28, 2022

by Lunguini

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10 votes

Answer:

its 14% i just did the assignment

Explanation:

ChristopherStrydom answered May 29, 2022

by ChristopherStrydom

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