jdj8402 jdj8402
  • 04-02-2021
  • Business
contestada

My cousin borrowed $18000 for new car loan for 6 years he told me that at the end of the loan he pained $25560 for interest and principal what was the rate of the loan

A 7% b 8% c 9% d 9%

Make you the brainlist if you answer

Respuesta :

cooljt cooljt
  • 04-02-2021

Answer:

7%

Explanation:

R = (1/T)(A/P-1)

R = (1-6)((25560/18000)-1)

R = .07

R = 7%

Answer Link

Otras preguntas

The two triangles are similar. What is the value of x?
Give two geographic reasons why cities grew up on rivers??
the answer to the question
Round 7412 to the nearest thousand
How has the discovery of 5,300-year-old Ötzi, the Iceman, helped scientists in their knowledge?
Which macromolecule is responsible for directing growth in living organisms
what have scientists used to build a chronology of earths past
capitalism falls under a _______ economic systemmixedplannedmarket
Read the sentence. Flo did not hear about the event until Thursday she had been out of town. Which revision most effectively corrects the fused sentence? A) Fl
I need a catchy fake newspaper name! not a title but the actual name of the newspaper company! please have it something to do with history, so its like a newspa