Solve a word problem involving simple interest
Question
David borrowed $30,000 to start...
Mathematics, 03.04.2020 01:39 mtzann1568
Solve a word problem involving simple interest
Question
David borrowed $30,000 to start a business. Four years later, he repaid the $30,000 along with an interest of $1,260. What
was the annual interest rate? Round to two decimal places.
Answers: 2
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