Ask Question
21 November, 07:00

Five years ago, Jay borrowed $1500 from his mother. He agreed to pay $150 in interest. What is the simple annual interest rate for this loan?

+3
Answers (1)
  1. 21 November, 09:03
    0
    The annual interest rate is $10 dollars.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Five years ago, Jay borrowed $1500 from his mother. He agreed to pay $150 in interest. What is the simple annual interest rate for this ...” 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