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

Which scientist refined Newton’s ideas of space and motion to apply them to the subatomic level? a. Tycho Brahe b. Albert Einstein c. Johannes Kepler  d. Rober
The price of food is rising fast! how might this situation be handled in a… a. free market economic system b. command economy
What is the primary motivation for the draining of lake beds in Mexico City? A.to reduce the risk of flooding B.to prevent the spread of disease C.to protect t
In general, how did islam spread in southeast asia?
According to myplate, how many servings from the grain group should a moderately active female who needs 2,000 calories daily consume?
How many different 9-letter words (real or imaginary) can be formed from the letters in the word assistant?
PLEASE HELP ASAP!! A. 0, 2, 4, or 7 B. 0, 2, 3, or 7
Miguel rode his bicycle 4 miles less than 5 times the number of miles that Nathan rode. If Miguel rode his bicycle 6 miles, how many miles did Nathan ride?
Does earth have consistency?
Describe the progress from 1914 to 1916