It took 1.9 years to pay back the loan.
<h3>What is Interest ?</h3>
Interest is the amount of money given or received when a certain sum of amount is received as a loan or given or deposited for investment.
It is given that
Principal amount of loan = $ 8000
Interest paid = $ 600
Rate = 4%
Time Period = ?
Assuming Simple Interest has been applied
I = ( P* R* T) /100
600 = ( 8000 * 4 * T ) / 100
60000 = 8000 * 4 * T
T = 1.875 years
T = 1.9 years rounded to 1 decimal
T = 22.5 months
Therefore it took 1.9 years to pay back the loan.
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Answer:
13
Step-by-step explanation:
Answer:
-6=m×5 +4
-6=5m +4
5m=-6-4
5m=-10
m=-10/5
m=-2
I would appreciate if my answer is chosen as a brainliest answer
First of all you flip around the last fraction:
5/9 to 9/5
Then you multiply the top and the bottom number:
3*9/5*5 = 27/25 = 1.08
Hope this helps! :)
