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Please write the solution by hand A loan of $1980 can be repaid in 145 days by paying the principal sum borrowed plus $55 interest.
Please write the solution by hand 
A loan of $1980 can be repaid in 145 days by paying the principal sum borrowed plus $55 interest. What was the rate of interest charged? The interest rate is % (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.) Step by Step Solution
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Practical Financial Management
Authors: William R. Lasher
8th edition
1305637542, 978-1305887237, 1305887239, 978-1305637542
