Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

if a person borrows $4600 and, after 6 months, pays off the loan in the amount of $4772.5, what per annum rate of interest was

if a person borrows $4600 and, after 6 months, pays off the loan in the amount of $4772.5, what per annum rate of interest was charged

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Financial Management

Authors: Haim Levy, Marshall Sarnat

1st Edition

0137097751, 978-0137097753

More Books

Students also viewed these Finance questions

Question

15. Explain how GSS can support creativity.

Answered: 1 week ago