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Ms. Jordan received a $3,100 Loan for 1 year. if the interest charged is $372, what is the interest rate on the loan?

Ms. Jordan received a $3,100 Loan for 1 year. if the interest charged is $372, what is the interest rate on the loan?
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2 votes
Ms. Jordan received a $3,100 Loan for 1 year. if the interest charged is $372, what is the interest rate on the loan?

User Milesma
by
7.2k points

1 Answer

5 votes

Answer:

8.3%

Explanation:

3100/372

User Guillaume Schuermans
by
8.8k points
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