Mathematics, 11.08.2021 04:20 mrylenastewart

QUESTION 3 - 1 POINT Henry takes out a $650 discounted loan with a simple interest rate of 12% for a period of 7 months. What is the effective
interest rate? Give your answer as a percentage the nearest percent.

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QUESTION 3 - 1 POINT Henry takes out a $650 discounted loan with a simple interest rate of 12% for...

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QUESTION 3 - 1 POINT Henry takes out a $650 discounted loan with a simple interest rate of 12% for a period of 7 months. What is the effective interest rate? Give your answer as a percentage the nearest percent.

Answers

Another question on Mathematics

QUESTION 3 - 1 POINT Henry takes out a $650 discounted loan with a simple interest rate of 12% for a period of 7 months. What is the effective
interest rate? Give your answer as a percentage the nearest percent.