Lavuntay Lavuntay

03-12-2017
Mathematics

contestada

A store offers customers two ways to pay for a new TV. Option 1 : Pay $1,500 today. Option 2 : Pay nothing today, and take out a simple interest loan to pay a total of $1,650 one year from now. What is the simple interest rate on the loan in option 2 ?

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carlafossil320 carlafossil320

03-12-2017

1650÷1500= 1.1% is the rate, to check we do 1500×1.1=1650

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rebellalancy8 rebellalancy8

04-03-2019

Answer:

10%

hope it helps

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