SOLUTION: Angela borrowed $16200.00 for 5 years and earned $1928.00 in interest. What was the rate of Angela’s loan?
Use the formula r=frac(I,P×t).
Leave your answer in percentag
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Question 824289: Angela borrowed $16200.00 for 5 years and earned $1928.00 in interest. What was the rate of Angela’s loan?
Use the formula r=frac(I,P×t).
Leave your answer in percentage form rounded to two decimal place
Answer by jim_thompson5910(35256) (Show Source): You can put this solution on YOUR website!
That turns into 2.38024691358% which rounds to 2.38% which is the final answer
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