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Jayin borrowed $1,525 for a new stereo system. He made 10 monthly payments to repay the loan. He paid $225 interest. What is his simple interest rate?
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Jayin borrowed $1,525 for a new stereo system. He made 10 monthly payments to repay the loan. He paid $225 interest. What is his simple interest rate?
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Jan 7, 2022
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Jayin borrowed $1,525 for a new stereo system. He made 10 monthly payments to repay the loan. He paid $225 interest. What is his simple interest rate?
Mathematics
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Answer:
17.7%
Explanation:
Scarl
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Jan 13, 2022
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