Yvette borrowed two thousand four hundred dollars. She will actually pay back three
thousand two hundred sixty four dollars at the end of the three
year loan. If the loan charges simple interest, what is the annual interest rate?

Question

anonymous · Answer

$$3264-2400=1224$$ divide by 3 you get $408$

anonymous · Answer

compute $\frac{408}{2400}$ for your rate of interest

natsent06 · Answer

.17?

anonymous · Answer

that is what i get yes
btw there is no such thing as "simple interest" but that is ok, the answer they want is $17\%$

natsent06 · Answer

well that is the name of my lesson in math soo...

natsent06 · Answer

lol

natsent06 · Answer

wait satellite that was the wrong answer!

natsent06 · Answer

@satellite73 plz come here i need to tell u the real answer