Chapter 4: Math Applications - Math Mcqs for Grade 8


Q.  To buy a home, Nelda borrowed $250,000 for 5 years and paid $60,000 simple interest on loan. The rate of interest he paid is

a. 8.40%
b. 6.80%
c. 5.60%
d. 4.80%


ANSWER: See Answer
 
No explanation is available for this question!
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