Mathematics, 07.05.2021 21:20 Anonymousmike

PLEAS EHLP ME I DONT UNDERSTAND EXTRA POINTS AND BRAINLIEST PLEASE HLEPS Karsik borrowed $8,500 from a bank. During a period of five years, he paid a total of $2,125 in interest. What was the simple annual interest rate that the bank charged Karsik for his loan?

0.05%

0.5%

5%

7.7%

Answers: 2

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PLEAS EHLP ME I DONT UNDERSTAND EXTRA POINTS AND BRAINLIEST PLEASE HLEPS Karsik borrowed $8,500 from a bank. During a period of five years, he paid a total of $2,125 in interest. What was the simple annual interest rate that the bank charged Karsik for his loan? 0.05% 0.5% 5% 7.7%

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Another question on Mathematics

PLEAS EHLP ME I DONT UNDERSTAND EXTRA POINTS AND BRAINLIEST PLEASE HLEPS Karsik borrowed $8,500 from a bank. During a period of five years, he paid a total of $2,125 in interest. What was the simple annual interest rate that the bank charged Karsik for his loan?

0.05%

0.5%

5%

7.7%