kaseyly118 kaseyly118

10-12-2020
Mathematics

contestada

Melody paid off a loan of $120,000 in 10 years. If she made a payment of $1,225 each month, then what was the simple interest rate for her loan?
PLEASE HELP!!!

Respuesta :

11-12-2020

I think it’s .01% because 1225/120000=.010208

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