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bija089 [108]
3 years ago
14

Cora got a $1200 loan for 2 years. She paid $90 in interest. What was her interest rate? (*hint: you will get a decimal as an an

swer that needs to be turned to a %).
Mathematics
1 answer:
bearhunter [10]3 years ago
4 0

Answer:

To use the simple interest formula, I = Prt, we substitute in the values for ... Do you know that banks pay you to let them keep your money? ... The rate of interest is usually expressed as a percent per year, and is ... Yes, $90 is reasonable. ... Find the principal invested if $178 interest was earned in 2 years

Step-by-step explanation:

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Ede4ka [16]

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