PLEASE ANSWER! Melody paid off a loan of $120,000 in 10 years. If she made a payment of $1,225 each month, then what was the simple interest rate for her loan?

according to egenuity the answer is

step-by-step explanation:

d. 344.22

3/20

step-by-step explanation:

well, there are 20 outcomes, and 3 of them you want. so, 3/20

let's first notice, the center of the hyperbola is at the origin, since the focus points are equidistantly 3 units away from the origin, that also means that the distance "c" from the center to either focus is 3.

it should also be notable that, the traverse axis for this hyperbola is vertical, or namely over the y-axis and therefore, the positive fraction will be the one with y-variable.

the traverse "a" component or distance from the center to either vertex is not 2, is more than 2, so we can safely put it at √5 ≈ 2.24.