Question: HOW DO I SOLVE THIS? Also, is there a formula? emma borrowed a total of $1,200 with simple interest. she took the loan for as

HOW DO I SOLVE THIS? Also, is there a formula?

emma borrowed a total of $1,200 with simple interest. she took the loan for as many years as the rate of interest. if she paid $432 in interest at the end of the loan period, what was the rate of simple interest on the loan?

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 Mathematics Questions!