Christina and Stacie each determined the cost of printing posters for their campaigns.
1 answer:
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Answer:
91 days
Step-by-step explanation:
Amount loaned = $10,000.
Interest rate = 5%
Paula received $125 as interest .
Since, the interest rate is 5% , One has to pay the 5% of total amount loaned in a year.
in a year , he has to pay ×10,000 = $500.
But he paid $125 as interest , So,
Length of loan period = Year =
th Year
= 3 months
Thus, he paid the amount in 91 days. (Since one month will surely be of 31 days)