Max D.

asked • 09/20/17

Bob loaned Bill $120. After 3 years, Bill paid off the loan(principal+interest) with a one time payment of $145.20. What was the simple annual interest rate?

I'd love it if someone could set up a formula for me

1 Expert Answer


Andy C. answered • 09/20/17

4.9 (27)

Math/Physics Tutor

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