predatorlol predatorlol

07-10-2020
Mathematics

contestada

If Jack pay a money lender $75 of interest
for a loan of $500 for 6 months, what
annual rate of interest is this?

Respuesta :

markv1978 markv1978

07-10-2020

75 -> 6 months

75+75 = 150 1 year interest

150/500 = 0.3 * 100 =

30%

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