Register
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?
174k views
0 votes
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?

User Nistvan
by
3.2k points

1 Answer

2 votes

Answer:

17.7%

Explanation:

User Scarl
by
3.5k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.4m questions

4.3m answers

Other Questions

A study was completed in Florida. In southern Florida, the study involved 3,000 patients; 54% of them experienced flulike symptoms during the same month. The study had a margin of error of 1.8%. What does
Can someone help me plz I have to Turn 27/9 in simplest
The sanchez family goes out for dinner, and the price of the meals is $60. The sales tax on the Meals is 7 percent, and they also want to leave a 15 percent tip. What is the total cost of the meal? Analyze
Simplify: 10 ÷ [(5 + 2) − 5]
A survey of 539 adults aged 18-24 year olds was conducted in which they were asked what they did last Friday night. It found: 189 watched TV 163 hung out with friends 29 watched TV and ate pizza, but did
Link Copied!