nancyhamud42 nancyhamud42

12-04-2020
Mathematics

contestada

Find the annual interest rate paid on this loan:

interest = $81; principal = $10,800; time = 1 month

Respuesta :

bigyagautam bigyagautam

13-04-2020

Answer:

The annual rate is 1600

Step-by-step explanation:

I = P*R*T

R= P*T/I

Annually = 12 months

R= (10,800 * 12) / 81

R= 1,600

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