What simple interest rate to the nearest tenth of a percent


You borrow ?$1000.00 from a friend and promise to pay back ?$1630.00 in 3 years. What simple interest? rate, to the nearest tenth of a? percent, will you? pay?

Solution Preview :

Prepared by a verified Expert
Finance Basics: What simple interest rate to the nearest tenth of a percent
Reference No:- TGS02522654

Now Priced at $10 (50% Discount)

Recommended (92%)

Rated (4.4/5)