nancyhamud42
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 :

loveandhippys
loveandhippys loveandhippys
  • 13-04-2020

Step-by-step explanation:

we know this

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

r = i/p*r

r = 81/10,800 * 1

r = 0.0075

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