Joel borrowed $18,000 for 6 years at simple interest to purchase a vehicle. If Joel repaid a total of $20,953.80, at what rate did he borrow the money?

Enter the percent with the percent symbol. If the percent is not a whole value, enter it as a decimal where the last digit is not zero and there is a zero before the decimal point for values less than 1. For example, if the answer is .35%, 0.35% should be entered. Round the percent to the nearest thousandth of a percent if needed.

Enter the percent with the percent symbol. If the percent is not a whole value, enter it as a decimal where the last digit is not zero and there is a zero before the decimal point for values less than 1. For example, if the answer is .35%, 0.35% should be entered. Round the percent to the nearest thousandth of a percent if needed.

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jdoe0001
7 months ago

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