jewleedyer188 jewleedyer188

25-06-2021
Mathematics

contestada

17. A loan of $8000 was paid back in 2
years in monthly payments of $400.
The interest on the loan as a
percentage, was
A. 5%
B. 8-%
C. 162 %
16
D. 20%

Respuesta :

BukanOrangPinter BukanOrangPinter

25-06-2021

Answer:

D. 20%

Step-by-step explanation:

2 years = 24 months

400 × 24 = 9600

9600 - 8000 = 1600

1600/8000 = 1/5

1/5 = 20%

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