Five years ago, Jay borrowed $1500 from his mother. He agreed to pay $150 in interest. What is the simple annual interest rate for this loa

Question

Five years ago, Jay borrowed $1500 from his mother. He agreed to pay $150 in interest. What is the simple annual interest rate for this loan?

0

Answers ( No )

    0
    2021-11-25T23:24:41+00:00

    The annual interest rate is $10 dollars.

    0
    2021-11-25T23:24:44+00:00

    Answer:

    It would be 2%

    Step-by-step explanation:

    Hope this helps! 😀

Leave an answer

Browse
Browse