Question
Compute the rate for the following loan. Round answers to the nearest tenth of a percent; use ordinary interest when time is stated in days.
Do not enter the percent symbol in your answer.
Principal Rate (%) Time Interest
$5,000 % 3 years $1,200
Do not enter the percent symbol in your answer.
Principal Rate (%) Time Interest
$5,000 % 3 years $1,200
Answers
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Compute the rate for the following loan. Round answers to the nearest tenth of a percent; use ordinary interest when time is stated in days.
Do not enter the percent symbol in your answer.
Principal Rate (%) Time Interest
$5,000 % 3 years $1,200
Do not enter the percent symbol in your answer.
Principal Rate (%) Time Interest
$5,000 % 3 years $1,200