Suppose that you borrow 1000 00 from a friend and promise to pay back 1645...

70.2K

Verified Solution

Question

Basic Math

image

Suppose that you borrow 1000 00 from a friend and promise to pay back 1645 00 in 3 years What simple interest rate will you pay The simple interest rate is Round to the nearest tenth as needed

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students