Open study

is now brainly

With Brainly you can:

  • Get homework help from millions of students and moderators
  • Learn how to solve problems with step-by-step explanations
  • Share your knowledge and earn points by helping other students
  • Learn anywhere, anytime with the Brainly app!

A community for students.

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?

Mathematics
See more answers at brainly.com
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

Join Brainly to access

this expert answer

SEE EXPERT ANSWER

To see the expert answer you'll need to create a free account at Brainly

I=PRT Interest=principal amount* inetrest Rate*Time 120=2000*R*(90/365) So solve for R

Not the answer you are looking for?

Search for more explanations.

Ask your own question

Other answers:

Not the answer you are looking for?

Search for more explanations.

Ask your own question