Answered step by step
Verified Expert Solution
Question
1 Approved Answer
(1 point) Find the annual simple interest rate of a loan, where $800 is borrowed and where $856 is repaid at the end of 17
(1 point) Find the annual simple interest rate of a loan, where $800 is borrowed and where $856 is repaid at the end of 17 months. Annual simple interest rate = %
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started