Question:

Heather held a loan of $1,900 for 8 months and was charged

Last updated: 8/11/2022

Heather held a loan of $1,900 for 8 months and was charged

Heather held a loan of $1,900 for 8 months and was charged interest of $146.93. What was the annual simple interest rate on this loan? 0.10% 7.73% 11.60% 0.12%