Register
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
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

User Grigoryants Artem
by
8.1k points

2 Answers

9 votes

Answer:

14 precent

Explanation:

i took the quiz

User Lunguini
by
9.0k points
10 votes

Answer:

its 14% i just did the assignment

Explanation:

User ChristopherStrydom
by
8.0k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.3m questions

12.0m answers

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?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Link Copied!