Option 1: Pay $1,500 today.
Mathematics, 05.05.2020 06:29 growingideas
A store offers customers two ways to pay for a new TV.
Option 1: Pay $1,500 today.
Option 2: Pay nothing today, and take out a simple interest loan to pay a total of $1,650 one year from now.
What is the simple interest rate on the loan in option 2?
Answers: 2
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A store offers customers two ways to pay for a new TV.
Option 1: Pay $1,500 today.
Option 1: Pay $1,500 today.
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