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borrowed $3,500 and paid back $4,200 at the end of 4 years. What was the average annual compound rate of interest on the loan?
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16 votes
16 votes
borrowed $3,500 and paid back $4,200 at the end of 4 years. What was the average annual compound rate of interest on the loan?

User Mahdi Yousefi
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2 Answers

17 votes
17 votes
i believe it would be $175
User Mehmetseckin
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18 votes
18 votes

ANSWER

My answer is in the phograph above

borrowed $3,500 and paid back $4,200 at the end of 4 years. What was the average annual-example-1
User Phron
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