1 Answered Questions for the topic Solve For Rate Of Interest

Solve For Rate Of Interest

06/13/14

A man needed money to buy lawn equipment. He borrowed $700 for 5 months and paid $53.94 in interest.
A man needed money to buy lawn equipment. He borrowed $700 for 5 months and paid $53.94 in interest. What was the rate of interest? (round to one decimal place as needed)
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