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3. John wants to open a showroom. He borrows $48,000 on 12% interest rate. If he pays $23,040 in interest, how many years does he have the loan? (I=prt)

3. John wants to open a showroom. He borrows $48,000 on 12% interest rate. If he pays $23,040 in interest, how many years does he have the loan? (I=prt)
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3. John wants to open a showroom. He borrows

$48,000 on 12% interest rate. If he pays $23,040
in interest, how many years does he have the
loan?

(I=prt)

User Shamith C
by
7.5k points

1 Answer

4 votes

Answer:

2 i think

Explanation:

User Drescherjm
by
7.7k points
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