Asked by Harold
What's the interest rate for as loan of 150,000 euros for 10 years, with an interest payment of 22,000 euros?
Answers
Answered by
Ms. Sue
I = PRT
22,000 = 150,000 * R * 10
22,000 = 1,500,000R
0.0147 = 1.47% = R
22,000 = 150,000 * R * 10
22,000 = 1,500,000R
0.0147 = 1.47% = R
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