Agatha borrowed $4,500 from the bank. 4 years later, Agatha owes the bank $5,040. What was the percentage rate of simple interest on the loan?

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asked Aug 24, 2023 123k views

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Agatha borrowed $4,500 from the bank. 4 years later, Agatha owes the bank $5,040. What was the percentage rate of simple interest on the loan?

Mathematics
high-school

Peadar Doyle asked

by Peadar Doyle

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1 Answer

3 votes

Answer:

12%

Explanation:

Sean Corfield answered Aug 31, 2023

by Sean Corfield

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