Mathematics, 25.02.2021 19:10 quinteroalex2001

My cousin borrowed $18,000 for a new car loan for 6 years. He told me that at the end of the loan, he had paid $25,560 for the interest and principal. What was the rate of the loan? A) 7%
B) 8%
C) 9%
D) 10%

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My cousin borrowed $18,000 for a new car loan for 6 years. He told me that at the end of the loan, h...

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My cousin borrowed $18,000 for a new car loan for 6 years. He told me that at the end of the loan, he had paid $25,560 for the interest and principal. What was the rate of the loan? A) 7% B) 8% C) 9% D) 10%

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Another question on Mathematics

My cousin borrowed $18,000 for a new car loan for 6 years. He told me that at the end of the loan, he had paid $25,560 for the interest and principal. What was the rate of the loan? A) 7%
B) 8%
C) 9%
D) 10%