What is the interest rate on a 2-year loan for $5,500 which accrues $1,430 in ordinary simple interest? Round to the nearest whole percent.

Name: What is the interest rate on a 2-year loan for $5,500 which accrues $1,430 in ordinary simple interest? Round to the nearest whole percent.
Brand: Quizplus
Rating: 4.7 (36 reviews)

Question

Quizplus · Accepted Answer

The Answer of What is the interest rate on a 2-year loan for $5,500 which accrues $1,430 in ordinary simple interest? Round to the nearest whole percent.

What Is the Interest Rate on a 2-Year Loan for $5,500