SOLUTION: Bella Sandino paid 9% interest on an $11,500 loan balance. Joseph Marks paid $5,610 interest on a $85,000 loan. Based on 1 year:
a. What was the amount of interest paid by Bell
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a. What was the amount of interest paid by Bell
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Question 1110889: Bella Sandino paid 9% interest on an $11,500 loan balance. Joseph Marks paid $5,610 interest on a $85,000 loan. Based on 1 year:
a. What was the amount of interest paid by Bella?
b. What was the interest rate paid by Joseph? (Round your answer to the nearest tenth percent.)
