document.write( "Question 1097233: A loan of $900 was repaid at the end of 12 months with a check of $930. What annual rate of interest was charged? \n" ); document.write( "
Algebra.Com's Answer #711628 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! A loan of $900 was repaid at the end of 12 months with a check of $930. What annual rate of interest was charged? \n" ); document.write( "---- \n" ); document.write( "Ans: 30/900 = 3/90 = 1/30 = 0.0333 = 3 1/3% \n" ); document.write( "----------------------- \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "----------- \n" ); document.write( " |