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goblinko [34]
3 years ago
15

The total simple interest owed on a loan of $8,000.00 after 60 months is $1,280.00. What is the yearly interest rate on the loan

? Show your work.​
Mathematics
1 answer:
nirvana33 [79]3 years ago
5 0

Answer:

3.2%

Step-by-step explanation:

1280/5=256 interest per year

principal x interest rate =interest per year

8000 x interest rate =256

interest rate =256/8000

interest rate =.032 or 3.2%

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Please help me with this.
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The <em>speed</em> intervals such that the mileage of the vehicle described is 20 miles per gallon or less are: v ∈ [10 mi/h, 20 mi/h] ∪ [50 mi/h, 75 mi/h]

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To learn more on quadratic functions: brainly.com/question/5975436

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