A loan of $ 8000 was repaid in 24 equal monthly instalments of $400. The rate of interest on the loan was

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asked Dec 21, 2022 112k views

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A loan of $ 8000 was repaid in 24 equal monthly instalments of $400. The rate of interest on the loan was

Mathematics
high-school

Algiz asked

by Algiz

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Answer:

if im right 1600? i did it in my head so im not 100 percent sure

Explanation:

Benjamin Confino answered Dec 27, 2022

by Benjamin Confino

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