Math, asked by nimom1286, 5 months ago

April took out a $600 loan from the bank. At the end of 5 years, she pays back the principal, plus $60 simple interest.
What was the annual interest rate?

Answers

Answered by Anonymous

8

Answer:

60/600=.1

.1/5=.02=2% interest rate over 5 years

Answered by bushramumin

0

The answer

IS 6 and thats why

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