Homework Help: math, business?

Posted by scooby91320002 on Wednesday, August 12, 2009 at 7:07pm.

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?

math, business? - Ms. Sue, Wednesday, August 12, 2009 at 7:32pm
275 / 2500 = ?

Change the decimal to a percent to find the interest rate.

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