SOLUTION: 26. Business and finance. Ms. Jordan has been given a loan of $2500 for 1 year. If the interest charged is $275, what is the interest rate on the loan?

Algebra ->  Algebra  -> Linear-equations -> SOLUTION: 26. Business and finance. Ms. Jordan has been given a loan of $2500 for 1 year. If the interest charged is $275, what is the interest rate on the loan?       Log On

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Question 78722: 26. Business and finance. Ms. Jordan has been given a loan of $2500 for 1 year. If the interest charged is $275, what is the interest rate on the loan?

Answer by SmurfDude(4) About Me  (Show Source):