Respuesta :
Answer: 8.5%
Step-by-step explanation:
I=Prt
180=(2,820)r(3/4)
180=2,115r
R=180/2,115
r≈8.5%
The effective interest rate is approximately 8.5%, about half a percent higher than what was advertised.
Answer: 8.5%
Step-by-step explanation:
I=Prt
180=(2,820)r(3/4)
180=2,115r
R=180/2,115
r≈8.5%
The effective interest rate is approximately 8.5%, about half a percent higher than what was advertised.