Answer:
Step-by-step explanation:
<h3>Given</h3>
<u>The equation for simple interest:</u>
<u>And values</u>
<h3>Solution</h3>
<u>Interest amount is</u>
<u>Solving for annual interest rate</u>
- 160 = 2000*2r
- 160 = 4000r
- r = 160/4000
- r = 0.04
- 0.04*100% = 4%
Annual interest rate is 4%
Answer:
there is one solution in my opinion
Step-by-step explanation:
Each person will pay $115 because $1,380 divided by 12 is 115
-2, 2/3, 5, 7.1
hope this helps