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Business and finance. Ms. Jordan has been given a loan of $2,500 for 1 year. If the interest charged is $275, what is the interest rate on the loan?
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275 / 2500 = ?
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Business and finance. Ms. Jordan has been given a loan of $2,500 for 1 year. If the interest charged is $275, what is the
Top answer:
275 / 2500 = ? Change the decimal to a percent to find the interest rate.
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Can you tell me if I got these wrong or right?
1. Ms. Jordan has been given a loan of $2,500 for 1 year. If the interest charged
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all correct.
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Ms. Jordan has been given a loan of $2,500 for 1 year. If the interest charged is $275, what is the interest rate on the loan?
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I = P*R*T so R = I/(PT) Rate = 275/(2500) = .11 or 11% check by taking 11% of $2500
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Ms Jordan has been given a loan of 2,500 for 1 year. If the interest charged is $275, what is the interest rate on the loan?
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275 / 2500 = ?
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Ms. Jordan has been given a loan of $2,500 for 1 year. If the interest charged is $275, what is the interest rate on the loan?
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Please see my previous answer. http://www.jiskha.com/display.cgi?id=1220404089
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Ms. Jordan has been given a loan of $2,500 for 1 year. If
the interest charged is $275, what is the interest rate on the loan?
Top answer:
rate = interest/(principal*time) = 275/2500 = .11 so 11%
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ms jordan has been given a loan of $2,500 for 1 year. If the interest charged is $275, what is the interest rate on the loan?
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275 / 2500 = ?? Change the decimal to a percent.
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Jordan is paying off a car loan. The function that models how much he has left to pay on his loan, P, is P(m)=6000−300m, where
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