69 811
Assignments Done
Successfully Done
In February 2019

Answer to Question #5204 in Abstract Algebra for Homework

Question #5204
Mr. Fuller has paid $144 in interest on a loan of 1,800 borrowed for a year. What is the rate of interest on the loan?
Expert's answer
Let x % be rate of interest (in percents). As Mr. Fuller has paid $144,
144 = 1800*x/100.
So, we get x = 144*100/1800 = 8 %.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be first!

Leave a comment

Ask Your question

Privacy policy Terms and Conditions