menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Mathematics
  3. Study Set
    Mathematics of Finance
  4. Exam
    Exam 1: Simple Interest and Simple Discount
  5. Question
    What Was the Interest Rate on the Loan
Solved

What Was the Interest Rate on the Loan

Question 48

Question 48

Multiple Choice

What was the interest rate on the loan?


A) 10.79%
B) 11.15%
C) 10.50%
D) 10.65%

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q43: A bank offers you a 9 month

Q44: A $10,000 91-day T-Bill was purchased for

Q45: An invoice for $12,000 has terms 1/20,n/45.If

Q46: What simple discount rate d is equivalent

Q47: You buy goods for $10,000 and receive

Q49: You invest $20,000 in a fund that

Q50: A loan of P is taken out

Q51: You take out a loan of $A

Q52: A loan of $5000 is taken out

Q53: A retailer buys goods from a supplier

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines