devikaharripersad07 devikaharripersad07

18-03-2021
Mathematics

contestada

A loan of$8000 was repaid in 24 equal monthly installments of $400 . The rate of interest on the loan was

Respuesta :

reeserl reeserl

18-03-2021

Answer:

1%

Step-by-step explanation:

24(400) = 9600 = total amt paid

9600 - 8000 = 1600 = amt of interest paid

I = PRT T = 2 yr

1600 = 8000(2)R

1600 = 16000R

1600/16000 = 1/10 = .01 = 1%

Answer Link

Otras preguntas

One third of a school of 750 students rides the bus. What is the ratio of students who do not ride the bus to students who do. Ratio

Which of the following would be against the Constitution? Congress declares war on a country, and the president sends troops. Canada and the United States meet

Suppose the government decides to raise the gasoline tax as a way to reduce air pollution and traffic congestion to their optimal levels. Which of the following

The government of Saudi Arabia can be classified as a monarchy. Which statement provides the BEST definition of this type of government? A) a government ruled b

pan-Africanism promotes the view that all

Who came up with the slogan to kill the Indian but save the man

Name one reason that parliament raised taxes

What is Titration, define it?

What is 32.043 in expanded form

Castel bought four bunches of fennel for $9. How many bunches of fennel can mofor buy if he has $18. Please help!!!