noorjahanhossain13 noorjahanhossain13

01-11-2020
Mathematics

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Pete borrowed $400 for 1 year. He paid back a total of $440. What was the interest rate per year?

Respuesta :

LotteAngel LotteAngel

01-11-2020

Answer:

10%

Step-by-step explanation:

He had to payback 40 more than he borrowed.

440-400=40

40 is 10% of 400, what he borrowed.

400÷10=40

Answer Link

ScienceExp2050 ScienceExp2050

01-11-2020

Answer:

10%

Step-by-step explanation:

That year, he paid $40 in interest, which is 10% of the original loan.

Answer Link

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