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PLEASE HELP 75 POINTS: What is the length of time a loan will last if it has a rate of 0.02, a principal of $500, and it accrued $60 of interest if Interest = Principal * Rate *…

PLEASE HELP 75 POINTS: What is the length of time a loan will last if it has a rate of 0.02, a principal of $500, and it accrued $60 of interest if Interest = Principal * Rate *…
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PLEASE HELP 75 POINTS: What is the length of time a loan will last if it has a rate of 0.02, a principal of $500, and it accrued $60 of interest if Interest = Principal * Rate * Time. How would you reduce the time of the loan?

User Mike Vranckx
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1 Answer

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to reduce the time, the rate should be increased or the interest should be decreased
PLEASE HELP 75 POINTS: What is the length of time a loan will last if it has a rate-example-1
User Fkulikov
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