Mathematics, 08.03.2021 18:30 dbanks701

My cousin borrowed $18,000 for a new car loan for 6 years. He told me that at the end of the loan, he had paid $25,560 for the interest and principal. What was the rate of the loan? A. 7%
B. 8%
C. 9%
D. 10%
20 points!

Answers: 1

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More questions: Mathematics Another questions

My cousin borrowed $18,000 for a new car loan for 6 years. He told me that at the end of the loan, he had paid $25,560 for the interest and principal. What was the rate of the loan? A. 7% B. 8% C. 9% D. 10% 20 points!

Answers

Another question on Mathematics

My cousin borrowed $18,000 for a new car loan for 6 years. He told me that at the end of the loan, he had paid $25,560 for the interest and principal. What was the rate of the loan? A. 7%
B. 8%
C. 9%
D. 10%
20 points!