Answered

At Westonci.ca, we connect you with the answers you need, thanks to our active and informed community. Get expert answers to your questions quickly and accurately from our dedicated community of professionals. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

Arianna paid $144 in simple interest on a $2000 loan that she repaid in 2 years. what interest rate did ariana pay on the loan

Sagot :

$144 interest for $2000 loan is the same rate as $72 for a $1000 loan. 72/1000 is a 7.2% interest rate.
Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.