Question
What annual rate of simple interest was charged on a loan of $5,700.00 that was issued on October 28, 2014, if it accumulated $447.16 in
What annual rate of simple interest was charged on a loan of $5,700.00 that was issued on October 28, 2014, if it accumulated $447.16 in interest by March 4, 2015?
%
Round to two decimal places
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Accounting The Basis For Business Decisions
Authors: Robert F. Meigs, Jan R. Williams, Susan F Haka, Mark S. Bettner
International 11th Edition
007115809X, 978-0071158091
