You’ve taken out a load for $5,000 for five years. The interest you’ll be paying over the five years is $2,250. What interest rate are you p

Question

You’ve taken out a load for $5,000 for five years. The interest you’ll be paying over the five years is $2,250. What interest rate are you paying?
i need someone to please explain to me STEP BY STEP how to do this thank you

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Kim Cúc 5 years 2021-08-18T04:38:18+00:00 1 Answers 12 views 0

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    0
    2021-08-18T04:40:07+00:00

    Answer:

    2

    Step-by-step explanation:

    divide 5,000 by 2,250 and you get 2 its like you have 0 quarters and you want to know how many you need to have to get 50 cent 50 divided by 25 equal 2 but your quistion answer is 2

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