Posted by **JOY** on Saturday, April 9, 2011 at 3:27pm.

DESHAWN TOOK A LOAN OUT FOR $1,500 AT 6.4% ANNUAL INTEREST.HIS FRIEND RAY GOT A $2,000 LOAN FROM A DIFFERENT BANK AT A RATE THAT WAS 0.002 LOWER THAN DESHAWN'S. WHAT PERCENT INTEREST WAS THE BANK CHARGING FOR RAY'S LOAN?

## Answer This Question

## Related Questions

- eco - Suppose a person pays $80 of annual interest on a loan that has a 5 ...
- Math - Maya bought a car for $15,000. To pay for it, she took a bank add-on ...
- Business finance - In a discount interest loan, you pay the interest payment up...
- Fin - Midland Chemical Co is negotiating a loan from Manhattan Bank and Trust. ...
- Math Question - Tom Newman took out a simple interest loan of $1,500.00 at 10 ...
- math - Megan took out a loan for 1500.00. The bank is going to charge her a fee ...
- finance - The banks offers a rate of 8 1/4 percent with a 20percentcompensating ...
- VBA Programming - I'm trying to create a macro that asks for a loan between 1 ...
- Business Math - 1,500 personal loan, bank is going to charge a fee of 2% of loan...
- Business Finance - Assume a bank loan requires a interest payment of $85 per ...

More Related Questions