SOLUTION: A bank lends one person $8727 at 3% interest, and another person $3273 at x% interest. If the interest amounts are the same, what was the rate of interest, to the nearest percent,
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Question 1205415: A bank lends one person $8727 at 3% interest, and another person $3273 at x% interest. If the interest amounts are the same, what was the rate of interest, to the nearest percent, on the loan of $3273?
Answer by math_tutor2020(3817) (Show Source): You can put this solution on YOUR website!
Hint:
8727*(3/100) = 3273*(x/100)
The 3/100 represents the 3% interest rate
The x/100 represents the x% interest rate
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