Question

You've taken out a load for $5,000 for five years. The interest you'll be paying over the five years is $2,250. What interest rate are you paying?

i need someone to please explain to me STEP BY STEP how to do this thank you

Answer 1

2

Explanation:

divide 5,000 by 2,250 and you get 2 its like you have 0 quarters and you want to know how many you need to have to get 50 cent 50 divided by 25 equal 2 but your quistion answer is 2