+0  
 
0
99
1
avatar

Frank borrowed $5000 with an annual simple interest rate. The amount of interest he owed after 6 months was $300. What is the interest rate of the loan?

Guest May 11, 2017
Sort: 

1+0 Answers

 #1
avatar+45 
0

12% i think

arifh556  May 11, 2017

27 Online Users

avatar
avatar
avatar
avatar
avatar
We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.  See details