SOLUTION: Ms jordan has been given a loan of $2500.00 for 1 year if the interest charged is $275.00 what is the interest rate on the loan?

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Question 8094: Ms jordan has been given a loan of $2500.00 for 1 year if the interest charged is $275.00 what is the interest rate on the loan?
Answer by CharStar(110) About Me  (Show Source):
You can put this solution on YOUR website!
275%2F2500=x%2F100
11=x
Check you answer - $2,500 x 11% = %275.00
I hope that helps you
CharStar