Question

I need help.

Answer 1

What sort of help?

Answer 2

math problem

Answer 3

Post the problem please.

Answer 4

What percentage interest rate is a loan that charges in simple annual interest over 2 years on a balance?

Answer 5

I... what?

Answer 6

What percentage interest rate is a loan that charges 4,000 in simple annual interest over 2 years on a 5,000 balance?

Answer 7

What percent of $5,000 is $4,000? 4000/5000=0.8=80%, right? 80% annual interest.

Answer 8

thxs

Answer 9

I like starting with the formula:

I = PRT

Answer 10

Hero's formula is correct. Then proceed ahead.

Answer 11

I think he ran away already

Answer 12

Ooooooooooo.