Question

What's the interest rate on a $4000 loan after it gain $960 after 3years

Answer 1

What's the annual interest rate charged on the loan f)5% g)6% h)7% I) 8%

Answer 2

Please help

Answer 3

it's l)8%

Answer 4

because 960 divided by 3 years is 320/year and 320 divided by 4000 is 0.08, which is equivalent to 8%