Charlotte has two job offers as a car sales person. The first job will pay her $600 a month plus 2% on the price of her car sale
1 answer:
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Answer:
11.5
Step-by-step explanation:
Simple interest formula:
where
I = interest
P = principal
r = rate
t = time
In your case,
P = $4,000
I = $4,920 - $4,000 = $920
t = 2 years
So,
The rate as decimal is 0.115 that is 11.5% as percent