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Tutorial Cheats Pricing Answers Ai Humanizer

Tutorial Pricing Answers Humanizer

Answers FA Personal Finance Financial Institutions and BankingQuestion 9

9

QuizMultiple Choice

Financial Institutions and Banking

Question 9 of 10 • FA Personal Finance

Tran got a loan of $10,000 from the bank to help pay for his new car. He agreed to pay $800 in interest for the use of this money.Which equation shows the interest rate that Tran is paying?

Answer

8

800 ÷ 10,000 = .08

1

10,000 ÷ 800 = 12.5

1

10,000 – 800 = 9,200

1

10,000 + 800 = 10,800

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Financial Institutions and Banking - Question 9 | FA Personal Finance | Revolt