A $3000 loan has an annual interest rate of 6.6% on the amount borrowed. How much time has elapsed if the interest is now $1386?

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asked Aug 8, 2023 13.3k views

24 votes

A $3000 loan has an annual interest rate of 6.6% on the amount borrowed. How much time has elapsed if the interest is now $1386?

Mathematics
high-school

Debobroto Das asked

by Debobroto Das

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1 Answer

6 votes

Answer:

Explanation:

time=interest

P*R

time=1386*100

6.6 * 3000

time=7

Patrick Balada answered Aug 12, 2023

by Patrick Balada

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