Jayxurls Jayxurls

16-02-2021
Mathematics

contestada

The cost of interest of a 3,000 loan at 12% interest per year is 1980.00. What is the term length for this loan in years

Respuesta :

bdtzs16 bdtzs16

17-02-2021

Answer:

5.5 years

Step-by-step explanation:

3,000 × .12 = 360 (annual interest)

1,980 ÷ 360 = 5.5 or 5 1/2 years

Answer Link

Otras preguntas

What event finally brings america into WWII?

Can anyone please tell me which one is wrong? One of my answers is apparently not correct.

What is a quality or personality descriptor that defines a character?

Show work and answer if you can only help.....no spam

state two methods that are used for the conversion of logs to timber

During Precambrian time, what did organisms not need

How do you reduce 6 33/16

Organelles are specialized structures that perform important cellular functions; they are structures you can generally see only under a microscrope. Which of th

Salut! Write a postcard to a classmate about your vacation. exchange postcards ---A holiday in Paris--- (Minimum 8 sentences)

What is the slope of the line shown in the graph? A coordinate plane is shown. Points are graphed at negative 3 comma 2 and negative 1 comma negative 1. The po