SOLUTION: Find the simple interest rate if $1840 is repaid on a loan of $1450 over 2.5 years

SOLUTION: Find the simple interest rate if $1840 is repaid on a loan of $1450 over 2.5 years

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Question 828785: Find the simple interest rate if $1840 is repaid on a loan of $1450 over 2.5 years
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
1840-1450=390
390/2.5=156
156/1450=0.1076=10.76%
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