Eleceagrundy026 Eleceagrundy026

24-10-2020
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The cost of interest of a $500 loan for 12 months is $21.88. What is the interest rate charged for the loan per year?

Respuesta :

maric1988 maric1988

24-10-2020

Answer:

4.19%

Explanation:

((500/(500+21.88)-1)*100

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