Question

$844.52*
You borrow $10,000 to set up a Web hosting company, and you pay back a total of $13,000 after 24 months. What was the interest rate?

1. 12%
2. 14%
3. 16%
4. 15%

* I am not sure if the teacher meant to put this there or not. it may have been a typo.

Please help me!

3 years ago