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There years ago Ava lent her sister $400 to buy some clothes. today Ava's sister pay her loan in full with $454. what simple annual interest rate did she pay?

There years ago Ava lent her sister $400 to buy some clothes. today Ava's sister pay her loan in full with $454. what simple annual interest rate did she pay?
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there years ago Ava lent her sister $400 to buy some clothes. today Ava's sister pay her loan in full with $454. what simple annual interest rate did she pay?

User Alex Varju
by
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1 Answer

5 votes

Answer:

4.5% per year

User Jacek
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7.9k points
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