April wants to borrow $200 from her father and is willing to pay $9 in Interest. Her father wants to charge an interest rate of
6%. How long can April keep the money?
1 answer:
Answer:
principle (p)= $200
interest (I) =$9
Rate (R) = 6%
time (T)= ?
we know,
Time(T) = I×100÷P×R
= 9×100÷ 200×6
= 3÷4 years
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