Question

What percentage interest rate is a loan that charges one hundred dollars in simple annual interest over 5 years on a one thousand dollar balance?

zero point two four percent

two percent

twenty percent

twenty-four percent

Answer 1

help me plzz

Answer 2

hmm...

Answer 3

At 20% it increases at $20 per year and at 24% it increases at $24 per year.

Answer 4

so c or d @NaeNaeHoowaahh

Answer 5

I'd have to go with A because this is a decay function