4 Compute the rate (in ) for the loan Round answers to the nearest tenth of a percent use ordinary interest when time is stated in days A Principal Rate ( ) Time Interest $6,000 2 years $1,080 B Principal Rate ( ) Time Interest $105,000 2 years $13,650 C What is the rate of interest (as a ) on a loan of $7,000, for 232 days, if the amount of interest is $325 39, using the ordinary interest method Round to the nearest tenth of percent

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Question: 4. Compute the rate (in %) for the loan. Round answers to the nearest tenth of a percent; use ordinary interest when time is stated

4. Compute the rate (in %) for the loan. Round answers to the nearest tenth of a percent; use ordinary interest when time is stated in days.

Principal	Rate (%)	Time	Interest
$6,000	____%	2 years	$1,080

Principal	Rate (%)	Time	Interest
$105,000	____%	2 years	$13,650

C. What is the rate of interest (as a %) on a loan of $7,000, for 232 days, if the amount of interest is $325.39, using the ordinary interest method? Round to the nearest tenth of percent.

____%

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