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e dog-grooming service, a woman borrowed $4500. If the loa

e dog-grooming service, a woman borrowed $4500. If the loa

Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter11: Rational And Irrational Numbers
Section: Chapter Questions
Problem 10MPS
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Use a formula to solve the problem. See Example 2. To start a mobile dog-grooming service, a woman borrowed $4500. If the loan was for 2 years and the amount of interest was $306, what simple interest rate was she charged? %
Transcribed Image Text:Use a formula to solve the problem. See Example 2. To start a mobile dog-grooming service, a woman borrowed $4500. If the loan was for 2 years and the amount of interest was $306, what simple interest rate was she charged? %
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