e) On a balance of $25,000 the finance company charged simple interest of $4,000 for 2 years. Find the rate of interest.a) O 32%b) O 4%c) O 8%d) O 16%Not AttemptedAttempted12:33 PM在5/6/2021P Type here to searchDelPgUpF11PgDnF12PrtScnHomeF9EndIns2:DIIF7FBEscF4F5F6Backspace%3D9

Name: e) On a balance of $25,000 the finance company charged simple interes
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Description: e) On a balance of $25,000 the finance company charged simple interest of $4,000 for 2 years. Find the rate of interest.a) O 32%b) O 4%c) O 8%d) O 16%Not AttemptedAttempted12:33 PM在5/6/2021P Type here to searchDelPgUpF11PgDnF12PrtScnHomeF9EndIns2:DI

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Answered: On a balance of $25,000 the finance…

Math

Algebra

On a balance of $25,000 the finance company charged simple interest of $4,000 for 2 years. Find the rate of interest. -)O 32% b)O 4% c) O 8% d) O 16%

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter2: Equations And Inequalities

Section2.1: Equations

Problem 70E

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