Question

Your friend borrows $840 from you. Your friend pays you back and gives you another $158 in 3 years. What simple interest rate did your friend give you? Write your answer as a percent. Round your answer to then nearest tenth.

Name: your friend borrows 840 from you your friend pays you back and gives you another 158 in 3 years what simple interest rate did your friend give you write your answer as a percent round your a 87099
Uploaded: 2023-04-10T19:23:06-08:00
Duration: 1 min 13 s
Channel: Andrew Noble
Description: your friend borrows 840 from you your friend pays you back and gives you another 158 in 3 years what simple interest rate did your friend give you write your answer as a percent round your a 87099

          Your friend borrows $840 from you.  Your friend pays you back and gives you another $158 in 3 years.  What simple interest rate did your friend give you?  Write your answer as a percent.
Round your answer to then nearest tenth.

Added by Bradley C.

Elementary and Intermediate Algebra

Alan S. Tussy, R. David Gustafson 5th Edition

Instant Answer

Solved by Expert Andrew Noble

04/10/2023

Step 1

- Principal (P) = $840 - Interest (I) = $158 (the extra amount paid back) - Time (t) = 3 years Show more…

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Your friend borrows $840 from you. Your friend pays you back and gives you another $158 in 3 years. What simple interest rate did your friend give you? Write your answer as a percent. Round your answer to then nearest tenth.