Lavuntay Lavuntay
  • 03-12-2017
  • Mathematics
contestada

A store offers customers two ways to pay for a new TV. Option 1 : Pay $1,500 today. Option 2 : Pay nothing today, and take out a simple interest loan to pay a total of $1,650 one year from now. What is the simple interest rate on the loan in option 2 ?

Respuesta :

carlafossil320
carlafossil320 carlafossil320
  • 03-12-2017
1650÷1500= 1.1% is the rate, to check we do 1500×1.1=1650
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rebellalancy8
rebellalancy8 rebellalancy8
  • 04-03-2019

Answer:

10%

hope it helps

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