Answer:
97, 485, 197
Step-by-step explanation:
<u>Given</u>:
<u>Then we have:</u>
<u>Substituting b and c in the third equation:</u>
2 years
3% of $550 = 0.03 * $550 = $16.50
3% interest on $550 for 1 year is $16.50
$33/$16.50 = 2
Since 2 * $16.50 = $33, the loan was for 2 years.