Anonymous Anonymous

26-10-2016
Mathematics

Answered

a vet borrows 12,000 dollars for 4 years. the total interest rate paid was 875 dollars. what was the interest rate on the loan?

Verified Answer :

GGBHector GGBHector

28-10-2016

this is actually quite simple. all you need to do with a question like this is divide the interest by the principal, and you get the percent answer to the rate. the answer would be approximately 7.3%.

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