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Abigail was scheduled to repay a loan 100 days from now with a payment of $3,650.00, but will get some extra money and be able to pay it off 40 days from now with an equivalent payment of $3,596.79. Calulate
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Abigail was scheduled to repay a loan 100 days from now with a payment of $3,650.00, but will get some extra money and be able to pay it off 40 days from now with an equivalent payment of $3,596.79. Calulate the rate of interest ?

User Ronnie
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1 Answer

5 votes

Answer:

0.025%

Explanation:

User Marquistador
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