Logomenu
shrug

Do you need help with

Jane would like to borrow $850 for exactly one year, so that she can buy a brand-new lawn mower for the lawn-mowing business she is starting. Jane's local bank agrees to lend her the money only if she is willing to pay back the full amount plus an extra $30, for a total repayment amount of $880.What is the annual interest rate on Jane's loan from her bank? Give the answer as a percentage, rounded to one decimal place.

Then try StudyFetch, the AI-powered platform that can answer your questions and teach you more about it!

arrowarrow
Learn The Answer

How StudyFetch Helps You Master This Topic

AI-Powered Explanations

Get in-depth, personalized explanations on this topic and related concepts, tailored to your learning style.

Practice Tests

Take adaptive quizzes that focus on your weak areas and help reinforce your understanding of the subject.

Interactive Flashcards

Review key concepts and terms with AI-generated flashcards, optimizing your retention and recall.

Educational Games

Engage with fun, interactive games that reinforce your learning and make studying more enjoyable.

Start mastering this topic and many others with StudyFetch's comprehensive learning tools.

study fetcharrow
Ready To ace that test?

Sign up to revolutionize your learning.