Find the annual percentage rate on a loan for 25 months if the amount of the loan

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Find the annual percentage rate on a loan for 25 months if the amount of the loan without interest is $300. The loan requires $40 interest. interest.

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Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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Question Posted: Mar 11, 2016 01:50 AM

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Find the annual percentage rate on a loan for 25 months if the amount of the loan

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Amount financed 300 Finance charge 40 Int...View the full answer

Business Math

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