If you paid $79 to a loan company for the use of $1,173 for 44 days, what annual rate of interest did they charge? (Assume a 360-day year.) The annual rate of interest is %. (Round to three decimal places.)

If you paid $$79$ to a loan company for the use of $$1, 173$ for 44 days, what annual rate of interest did they charge? (Assume a 360-day year.) The annual rate of interest is 3. (Round to three decimal places.)

Question

If you paid $79 to a loan company for the use of $1,173 for 44 days, what annual rate of interest did they charge? (Assume a 360-day year.) The annual rate of interest is %. (Round to three decimal places.)

student submitted image, transcription available below

If you paid

$79

to a loan company for the use of

$1, 173

for 44 days, what annual rate of interest did they charge? (Assume a 360-day year.) The annual rate of interest is 3. (Round to three decimal places.)

Accepted Answer

Expert Answer to - If you paid $79 to a loan company for the use of $1,173 for 44 days, what annual rate of interest di

Answer

Solution for - If you paid $79 to a loan company for the use of $1,173 for 44 days, what annual rate of interest di

Answer

This an additional answer to - If you paid $79 to a loan company for the use of $1,173 for 44 days, what annual rate of interest di

(Solved): If you paid $79 to a loan company for the use of $1,173 for 44 days, what annual rate of interest di ...

View Expert Answer

Expert Answer

Buy This Answer $5

Place Order

We Provide Services Across The Globe