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vfiekz [6]
3 years ago
5

To purchase new furniture, the owner of a restaurant borrowed $5,000 for 2 years and paid $350,000 simple interest on the loan.

what rate of interest did she pay?
2.0 percent

10.0 percent

5.0 percent

3.5 percent​
Business
2 answers:
mafiozo [28]3 years ago
5 0

Answer: The question is supposed to say she paid 350.00 simple interest. The answer is somehow 3.5 percent

mihalych1998 [28]3 years ago
4 0

None of the above. If she paid $350,000 in interest on a simple $5,000 loan the interest rate would be much much higher.

Are you sure you have all the numbers correct?

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Answer:

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The value of pollution, crime, leisure, etc. are also not included as they are difficult to express in monetary terms.

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