James borrows $4,200 to pay his college tuition. He signs a 5-year simple interest loan. If the monthly payments are $78.40, what is the interest rate on the loan? Please give a detailed answer and explanation. Thank you!

i cant answer this, theres no table. sorry man

step-by-step explanation:

x = 2

step-by-step explanation:

if sr parallel to ba then the sides bc and ac are in proportion, that is

= ← substitute values

= ( cross- multiply )

27x = 6(4x + 1)

27x = 24x + 6 ( subtract 24x from both sides )

3x = 6 ( divide both sides by 3 )

x = 2