SOLUTION: 26. Business and finance. Ms. Jordan has been given a loan of $2500 for 1 year. If the interest charged is $275, what is the interest rate on the loan?

Algebra ->  Linear-equations -> SOLUTION: 26. Business and finance. Ms. Jordan has been given a loan of $2500 for 1 year. If the interest charged is $275, what is the interest rate on the loan?       Log On


   



Question 78722: 26. Business and finance. Ms. Jordan has been given a loan of $2500 for 1 year. If the interest charged is $275, what is the interest rate on the loan?

Answer by SmurfDude(4) About Me  (Show Source):