Mathematics, 13.04.2021 20:00 brianruiz267
A loan worth $1000 collects simple interest each year for 6 years. At the end of
that time, $270 of interest has accrued. What was the annual interest rate for
this loan?
a. 4.25%
b. 5.75%
c. 5.5%
d. 4.5%
Answers: 3
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A loan worth $1000 collects simple interest each year for 6 years. At the end of
that time, $270 of...
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