Mathematics, 08.12.2021 01:00 smarcalli5194

Mr. Miranda borrowed $8,800 for 12 months at simple interest to pay for a new swimming pool. If Mr. Miranda paid the bank a total of $10,287.20, what was the simple interest rate of the loan? 85.5%
1.4%
16.9%
14.5%

Answers: 3

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More questions: Mathematics Another questions

Mr. Miranda borrowed $8,800 for 12 months at simple interest to pay for a new swimming pool. If Mr. Miranda paid the bank a total of $10,287.20, what was the simple interest rate of the loan? 85.5% 1.4% 16.9% 14.5%

Answers

Another question on Mathematics

Mr. Miranda borrowed $8,800 for 12 months at simple interest to pay for a new swimming pool. If Mr. Miranda paid the bank a total of $10,287.20, what was the simple interest rate of the loan? 85.5%
1.4%
16.9%
14.5%