Question
Lin borrowed $950 for a new laptop. She will pay $25.80 each month for the next 48 months. Find the simple interest rate for her loan. (Rounded to the nearest 10th of a percent.)
Answers
kudum
25.8 * 48
=1238.40
I = amount - borrow
I = 1238.40 - 950
= 288.40
Rate = I/borrow
= 288.40/950 *48/12
= 7.6%
=1238.40
I = amount - borrow
I = 1238.40 - 950
= 288.40
Rate = I/borrow
= 288.40/950 *48/12
= 7.6%
Dana
Thank you so much. Could you take a crack at the other question I posted about the $5800 car loan?
Caca
Zat is incorrewct yuo ztuopid batch ada motu patlu wiz za caca not and za qruotu yaouto ebacha
Griffin
That answer is not correct
🌈Jacob🌈
Sorry hun the answer is 32.6% simple math.