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jptakesdc

  • 3 years ago

What formula to use?: If you paid $120 to a loan company for the use of $2000 for 90 days, what annual rate of interest was charged?

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  1. swissgirl
    • 3 years ago
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    I=PRT Interest=principal amount* inetrest Rate*Time 120=2000*R*(90/365) So solve for R

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