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%
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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