Mathematics, 03.05.2020 13:09 Pandagurl2125

John borrows $2,500 from his dad, who feels it is best to charge him interest. Six months later,
John repays his dad the loan plus interest, a total of $2,588. What was the annual interest rate on
the loan?

Answers: 2

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John borrows $2,500 from his dad, who feels it is best to charge him interest. Six months later,

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More questions: Mathematics Another questions

John borrows $2,500 from his dad, who feels it is best to charge him interest. Six months later, John repays his dad the loan plus interest, a total of $2,588. What was the annual interest rate on the loan?

Answers

Another question on Mathematics

John borrows $2,500 from his dad, who feels it is best to charge him interest. Six months later,
John repays his dad the loan plus interest, a total of $2,588. What was the annual interest rate on
the loan?