Mathematics, 15.04.2021 19:20 yeomans410

Mia pays back a loan with simple interest as $10,000 after 4 years. If the initial investment was $8,000, what is the annual interest rate? 4.75%
5.6%
6.25%
12.25%

Answers: 1

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Mia pays back a loan with simple interest as $10,000 after 4 years. If the initial investment was $8...

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More questions: Mathematics Another questions

Mia pays back a loan with simple interest as $10,000 after 4 years. If the initial investment was $8,000, what is the annual interest rate? 4.75% 5.6% 6.25% 12.25%

Answers

Another question on Mathematics

Mia pays back a loan with simple interest as $10,000 after 4 years. If the initial investment was $8,000, what is the annual interest rate? 4.75%
5.6%
6.25%
12.25%