Jes Pisano borrowed $4,800 for 4 years. The maturity value of the loan was $7,084.80. What was the rate of interest charged? (Round to the nearest tenth of a percent)
Correct Answer:
Verified
Q103: Norman was charged 14.75% interest and paid
Q104: Barbara was charged 9.35% interest and paid
Q105: What is the maturity date on a
Q106: Jackson was charged 11% interest and paid
Q107: Joan Leshner borrowed money to repair her
Q109: Kim Maugeri deposited $8,000 in a savings
Q110: Street's Candy Shop needs to borrow $50,000
Q111: Marcy Link took out a loan for
Q112: On January 21, Janet Rogan borrowed
Q113: Kevin Mills borrowed money to purchase a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents