Answer:
2 years
Step-by-step explanation:
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.
I believe the answer you are looking for is:
<span>t = 0.002n</span>
