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Lenore borrowed $400 to pay for car repairs. She needs to pay it back in 2 years with simple interest. Lenore wants to figure out the interest rate of her loan. What additional information does she need to find the interest rate?
A principal
B amount of time
C interest she will owe
D the type of car repairs
Lenore borrowed $400 to pay for car repairs. She needs to pay it back in 2 years with simple interest. Lenore wants to figure out the interest rate of her loan. What additional information does she need to find the interest rate?
A principal
B amount of time
C interest she will owe
D the type of car repairs
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