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

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