Question

Jose received a $3,000 car loan. He plans on paying odf the loan in 2 years. At the end of 2 years, jose will have paid $450 in interest. What is the simple interest rate on the car loan?

Answer 1

Answer:

15

Step-by-step explanation:

3000×(roi/100)=450

30×roi=450

roi=450÷30

roi=15