SOLUTION: 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?
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Question 77008: 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 checkley75(3666) (Show Source): You can put this solution on YOUR website!
2500x=275
x=275/2500
x=.11 or 11% interest.
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