A community for students.
Here's the question you clicked on:
 0 viewing
anonymous
 one year ago
I WILL FAN AND MEDAL!!!
What percentage interest rate is a loan that charges four thousand dollars in simple annual interest over 2 years on a five thousand dollar balance?
Select one:
A. zero point nine percent
B. four percent
C. nine percent
D. forty percent
anonymous
 one year ago
I WILL FAN AND MEDAL!!! What percentage interest rate is a loan that charges four thousand dollars in simple annual interest over 2 years on a five thousand dollar balance? Select one: A. zero point nine percent B. four percent C. nine percent D. forty percent

This Question is Closed

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0@steve816 @raymonde20 @Michele_Laino

Michele_Laino
 one year ago
Best ResponseYou've already chosen the best response.0I'm sorry, I'm not good with financial mathematics

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0@crazydave23 @isaac4321 @raymonde20

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0@Hero @j@Hero @Kitten_is_back @lordhelix8th @welshfella

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0Um my Brain just exploded reading this sorry Christina

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0We can still Try and figure it out

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0Do you have any clue Christina

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0Cause I don't think it's a or B

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0Yes I believe so cause if it's over two years and the interest is 4000 dollars then for one year it would be 2 thousand dollars and if it was a 5000 dollar balance then it would be 40 percent
Ask your own question
Sign UpFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.