Kelsey was charged interest of $78 for a loan amount of $3,700 that she borrowed for 140

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Kelsey was charged interest of $78 for a loan amount of $3,700 that she borrowed for 140 days. What annual rate of simple interest was charged?

Round to two decimal places

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Cornerstones of Managerial Accounting

ISBN: 978-0324660135

3rd Edition

Authors: Mowen, Hansen, Heitger

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Posted Date: Feb 24, 2023 02:48 AM

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Kelsey was charged interest of $78 for a loan amount of $3,700 that she borrowed for 140

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Cornerstones of Managerial Accounting

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