dariusneals180
dariusneals180 dariusneals180
  • 03-04-2018
  • Mathematics
contestada

The principal on a loan is $5000, the interest rate is 3.6% and the simple interest is $900.00. How long was the loan?

Respuesta :

sqdancefan
sqdancefan sqdancefan
  • 03-04-2018
I = Prt
t = I/(Pr)
t = $900/($5000*.036) = 5 . . . years
Answer Link

Otras preguntas

The atomic mass of potassium is 39. if its atomic number is 19, how many neutron are there
How many cells are in your body.
Which statement best describes the composition and function of proteins in organisms?
What did the Natives of the Pacific Northwest do to demonstrate the importance of water in the life of the tribe? A. Built their houses so that they faced the
Somebody help me pls.
What is the equation of a horizontal line passing through the point (-3,8) x=-3 y=8 x=5 y=-11
a government can be both a monarchy and a anarchy at the same time?
Can someone check if my answer is correct? Thank you!
Which statement is true about nobles
Texas History 1930- Summarize the success of the East Texas Oil Field.