document.write( "Question 1101437: Samantha received a loan from the bank for $4,500. She plans on paying off the loan in 4 years. At the end of 4 years, Samantha will have paid $900 in interest. What is the simple interest rate on the back loan. \r
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Algebra.Com's Answer #716017 by jorel1380(3719)![]() ![]() You can put this solution on YOUR website! 4500 x 4x=900 \n" ); document.write( "4x=0.2 \n" ); document.write( "x=0.05 \n" ); document.write( "The simple interest was 5% \n" ); document.write( "☺☺☺☺ \n" ); document.write( " |