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Nutka1998 [239]
4 years ago
14

The principal on a loan is $5000, the interest rate is 3.6% and the simple interest is $900.00. How long was the loan?

Mathematics
1 answer:
svetoff [14.1K]4 years ago
3 0
I = Prt
t = I/(Pr)
t = $900/($5000*.036) = 5 . . . years
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