Mathematics, 05.03.2020 20:30 BluSeaa

A simple interest loan with a principal of
$5000 is paid back after 24 years. The total
payment is $5875.

What was the annual rate of interest on the loan?

Answers: 3

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A simple interest loan with a principal of
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More questions: Mathematics Another questions

A simple interest loan with a principal of $5000 is paid back after 24 years. The total payment is $5875. What was the annual rate of interest on the loan?

Answers

Another question on Mathematics

A simple interest loan with a principal of
$5000 is paid back after 24 years. The total
payment is $5875.

What was the annual rate of interest on the loan?