You purchase a new guitar and take out a loan for $450. You have 18 equal monthly payments of $28 each. What is the simple inter
est rate for the loan? Round to the nearest tenth of a percent, if necessary.
1 answer:
18*28/450=1.12
(1.12-1)*100=12%
Simple interest rate of the loan is 12%
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I think the answer is 12 because the greatest common factor of 24 and 36 is 12.
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Answer:
15%
Step-by-step explanation:
profit=sp -cp
cp=sp-profit
=17250-2250
=15000
profit%= profit amount/cp *100%
=2250/15000×100
= 15
Answer:
1/4
Step-by-step explanation:
10+10+20=40
10 of those are red cards which makes it 10/40 which is simplified to 1/4.
