Question

4. April took out a $600 loan from the
bank. At the end of 5 years, she pays
back the principal, plus $60 simple
interest. What was the interest rate?
7. Cora's
weigh
thev
perc
rou
1 of 2
Assessment, Form A

Answer 1

Answer:

60/600=.1

.1/5=.02=2% interest rate over 5 years