# Joan borrowed \$1800 and is to repay the balance plus interest of \$50 i.docx

Joan borrowed \$1800 and is to repay the balance plus interest of \$50 in 7 months. What was the rate of interest charged? The interest rate is % . (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.) .

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### Joan borrowed \$1800 and is to repay the balance plus interest of \$50 i.docx

• 1. Joan borrowed \$1800 and is to repay the balance plus interest of \$50 in 7 months. What was the rate of interest charged? The interest rate is % . (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)
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