A check for $3,097.50 was used to retire a 5-month $3,000 loan. What annual rate of interest

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A check for $3,097.50 was used to retire a 5-month $3,000 loan. What annual rate of interest was charged?

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College Mathematics for Business Economics Life Sciences and Social Sciences

ISBN: 978-0321614001

12th edition

Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen

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Question Posted: Apr 14, 2016 07:30 AM

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A check for $3,097.50 was used to retire a 5-month $3,000 loan. What annual rate of interest

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P 3000 A 309750 t 5 mont...View the full answer

College Mathematics for Business Economics Life Sciences and Social Sciences

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