janort462 janort462

10-11-2020
Mathematics

contestada

Mason took out an $800 loan from the
bank. At the end of 5 years, he pays
back the principal, plus $120 simple
interest. What was the annual interest
rate?

Respuesta :

s11654894 s11654894

10-11-2020

The annual interest would be $24 since 120=5 years, 120 divided by 5 equals 24

Answer Link

avariva avariva

09-12-2020

Answer: 3%

This is pretty easy so this is it

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