Eleceagrundy026 Eleceagrundy026
  • 24-10-2020
  • Business
contestada

The cost of interest of a $500 loan for 12 months is $21.88. What is the interest rate charged for the loan per year?

Respuesta :

maric1988 maric1988
  • 24-10-2020

Answer:

4.19%

Explanation:

((500/(500+21.88)-1)*100

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