Question

all i have to say is that i need help lol

Answer 1

Answer:

2.4%

Step-by-step explanation:

loan amount : $4200

emi : $78.4

total amount paid in 5 years = 78.4*12*5= $4704

simple amount= 4704-4200=504

simple amount per year = 504/5= 100.8

simple per year = (100.8/4200)*100 = 2.4%