Ask Question
9 January, 13:00

in intjammera received a $3000 car loan she plans on paying off the loan in 2 years at the end of 2 years jamerra will have paid $450 in interest what is the simple interest rate on the car loan?

+3
Answers (1)
  1. 9 January, 15:36
    0
    450 = (3000*r*2) / 100

    solve for r

    therefore r = 7.5 per cent
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “in intjammera received a $3000 car loan she plans on paying off the loan in 2 years at the end of 2 years jamerra will have paid $450 in ...” 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