A person buys a stove that costs Q. 9,500. Pay a down payment of Q. 2,000 and agrees to pay Q 8,000 nine months later, what interest rate simple annual paid?, in excel

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Answer to a math question A person buys a stove that costs Q. 9,500. Pay a down payment of Q. 2,000 and agrees to pay Q 8,000 nine months later, what interest rate simple annual paid?, in excel

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Darrell

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Monto del préstamo 9500-2000=7500 Tiempo: 9\div12=0,75 Interés 8000-7500=500

I=Impr

500=7500(r)(0,75)

r=8.89\%

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