Asked by Dana
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
Answered by
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%
Answered by
Dana
Thank you so much. Could you take a crack at the other question I posted about the $5800 car loan?
Answered by
Caca
Zat is incorrewct yuo ztuopid batch ada motu patlu wiz za caca not and za qruotu yaouto ebacha
Answered by
Griffin
That answer is not correct
Answered by
🌈Jacob🌈
Sorry hun the answer is 32.6% simple math.
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