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A store offers customers two ways to pay for a new TV. Option 1: Pay $1,500 today. Option 2: Pay nothing today, and take out a simple interest loan to pay a total of $1,650 one year from now. What is the
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A store offers customers two ways to pay for a new TV.

Option 1: Pay $1,500 today.

Option 2: Pay nothing today, and take out a simple interest loan to pay a total of $1,650 one year from now.

What is the simple interest rate on the loan in option 2?

User Chirag Sharma
by
5.5k points

2 Answers

3 votes

Answer:

10% don't listen to the person above

Explanation:

i got it right on imagine math

User Jwodder
by
5.7k points
2 votes

Answer:

You get to keep 150

Explanation:

1,500 - 1,650 = 150

User Owlzy
by
5.2k points
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