Ask Question
14 January, 09:16

If Sheila paid $797.50 in interest on a 5 year loan of $5,800 for her first car, what was the interest rate? (Make sure you've changed the decimal to a %)

+4
Answers (2)
  1. 14 January, 09:29
    0
    I = Prt

    r = I/Pt

    given

    I = $797.50

    P = $5,800

    t = 5

    so

    r = I/Pt

    r = 797.50 / (5,800 x 5)

    r = 797.50 / 29,000

    r = 0.0275

    r = 2.75%

    answer

    r = 2.75%
  2. 14 January, 12:42
    0
    5800 times 5 times x percent=797,50

    x=797 divide by 5800 times 5 equals 797.5 divided by 29000=0,0275

    =2,75 percent
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If Sheila paid $797.50 in interest on a 5 year loan of $5,800 for her first car, what was the interest rate? (Make sure you've changed the ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers