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29 votes
29 votes
Marcus borrowed $9,000 from his bank to buy a car, the bank charged him a simple interest rate of 1.25% by the time he payed back the money he had payed a total of $9,281.25 how long did it take for Marcus to pay back the money

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User Varunthacker
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1 Answer

14 votes
14 votes
100*I=PRT. Make T the subject =100I/PR
Substitute the figures in
Marcus borrowed $9,000 from his bank to buy a car, the bank charged him a simple interest-example-1
User Jaugar Chang
by
2.8k points
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