Ask Question
3 August, 05:25

Carlos borrowed 25,000 for 3 years and had to pay $3,750 simple interest at the end of that time. What rate of interest did he pay?

+3
Answers (1)
  1. 3 August, 07:14
    0
    Answer: 5% interest rate

    Step-by-step explanation: 25000+3750 divided by 3 is 26250

    3750 out of 25000 as a percentage is %5
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Carlos borrowed 25,000 for 3 years and had to pay $3,750 simple interest at the end of that time. What rate of interest did he pay? ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers