Abdul took out a$15,000loan for219days and was charged simple interest. The total interest he paid on the

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Abdul took out a$15,000loan for219days and was charged simple interest. The total interest he paid on the loan was$711. As a percentage, what was the annual interest rate of Abdul's loan? Assume that there are365 days in a year, and do not round any intermediate computations.

Posted Date: May 16, 2024 04:03 PM

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Abdul took out a$15,000loan for219days and was charged simple interest. The total interest he paid on the

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