Solution is on the picture.
9514 1404 393
Answer:
4.5%
Step-by-step explanation:
The interest is given by ...
I = Prt . . . . interest at annual rate r for t years on principal P
1008 = 5600r·4
1008/22400 = r = 0.045 = 4.5%
The annual interest rate on the loan is 4.5%.
The answer is 377.5, you would times 750 by 9%. Whatever the answer to the equation is, you take the answer and times that by 5.
