hundredpercentstella
hundredpercentstella hundredpercentstella
  • 23-11-2020
  • Mathematics
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Cora got a $1200 loan for 2 years. She paid $90 in interest. What was her interest rate? (*hint: you will get a decimal as an answer that needs to be turned to a %).

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2026awey
2026awey 2026awey
  • 23-11-2020

Answer:

To use the simple interest formula, I = Prt, we substitute in the values for ... Do you know that banks pay you to let them keep your money? ... The rate of interest is usually expressed as a percent per year, and is ... Yes, $90 is reasonable. ... Find the principal invested if $178 interest was earned in 2 years

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