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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 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.)