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oee [108]
3 years ago
12

Frederick needs to borrow $3000 for a down payment on a new car. His uncle decided to loan him the money as a 2.7% loan. Frederi

ck doesn't want to pay more than $243 in interest. How many years does Frederick have to pay back the loan?
Mathematics
1 answer:
Helen [10]3 years ago
8 0

Answer:

Step-by-step explanation:

i=prt

243=3000(.027)(t)

243=81(t)

t=3

he must pay it back in 3 years

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