Question

I WILL FAN AND MEDAL!!!
What percentage interest rate is a loan that charges four thousand dollars in simple annual interest over 2 years on a five thousand dollar balance?
Select one:
A. zero point nine percent
B. four percent
C. nine percent
D. forty percent

Answer 1

@steve816 @raymonde20 @Michele_Laino

Answer 2

I'm sorry, I'm not good with financial mathematics

Answer 3

ok..thx

Answer 4

plz??

Answer 5

@crazydave23 @isaac4321 @raymonde20

Answer 6

@Hero @j@Hero @Kitten_is_back @lordhelix8th @welshfella

Answer 7

SOMEBODY?!?!?!

Answer 8

Um my Brain just exploded reading this sorry Christina

Answer 9

lol..it's cool

Answer 10

We can still Try and figure it out

Answer 11

ok

Answer 12

Do you have any clue Christina

Answer 13

Cause I don't think it's a or B

Answer 14

D?

Answer 15

D?

Answer 16

Yes I believe so cause if it's over two years and the interest is 4000 dollars then for one year it would be 2 thousand dollars and if it was a 5000 dollar balance then it would be 40 percent

Answer 17

BOOM

Answer 18

thx.. <3

Answer 19

2000/5000 =2/5

Answer 20

Anytime sugar <3