Ask Question
14 August, 00:16

April took out 600$ loan from the bank. At the end of 5 years, She pay the principal back, Plus 60$ simple interest. What was the annual interest rate.

+2
Answers (1)
  1. 14 August, 00:43
    0
    The answer is 2%, or $12 per year.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “April took out 600$ loan from the bank. At the end of 5 years, She pay the principal back, Plus 60$ simple interest. What was the annual ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers