Ask a New Question

60 months × $425.00= $2550.00 = what's my iterest rate? =

1 answer

If it is simple interest, the formula is I=Prt

time is in years so 60/12 = 5 year
I/Pt = r

Ask a New Question or answer this question.

Similar Questions

Caroline saves $45 in 4 months. At this rate, how long will it take her to save $180?A:11.25 months B:16 months C:4 D:15 Months
1. 6 answers
Roscoe saves $60 in 4 months. At this rate, how long will it take him to save $112.50?12.5 months 5 months 9 months 7.5 months
1. 1 answer
Roscoe saves $60 in 4 months. At this rate, how long will it take him to save $112.50?(1 point)Responses 12.5 months 12.5 months
1. 1 answer
Paul borrowed $2,000 for four months at an annual interest rate of10.25%. How much must he repay at the end of four months?
1. 1 answer

more similar questions