Bella Sandino paid 9% interest on an $11,500 loan balance. Joseph Marks paid $5,610 interest on a $85,000 loan. Based on 1 year: a. What was the amount of interest paid by Bella? Interest paid by Bella $ b. What was the interest rate paid by Joseph? (Round your answer to the nearest tenth percent.)
Bella Sandino paid 9% interest on an $11,500 loan balance. Joseph Marks paid $5,610 interest on a $85,000 loan. Based on 1 year: a. What was the amount of interest paid by Bella? Interest paid by Bella $ b. What was the interest rate paid by Joseph? (Round your answer to the nearest tenth percent.)
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Bella Sandino paid 9% interest on an $11,500 loan balance. Joseph Marks paid $5,610 interest on a $85,000 loan. Based on 1 year:
a. What was the amount of interest paid by Bella?
Interest paid by Bella $
b. What was the interest rate paid by Joseph? (Round your answer to the nearest tenth percent.)
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