Question: 6. [0/5.88 Points] DETAILS MY NOTES SMITHPOW10 7.2.052. If a business borrows $10,000 and repays $14,900 in 4 years, what is the simple interest

6. [0/5.88 Points] DETAILS MY NOTES SMITHPOW10 7.2.052. If a business borrows

6. [0/5.88 Points] DETAILS MY NOTES SMITHPOW10 7.2.052. If a business borrows $10,000 and repays $14,900 in 4 years, what is the simple interest rate? Enter a number. % Submit Answer

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!