What is pollution ????,
1 answer:
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Answer:
The length of the loan period is 0.25 years , i.e 3 months
Step-by-step explanation:
Given as :
The loan amount = $ 10,000
The rate of interest applied = 5 % at simple interest yearly
The Amount receive = $ 10 ,000 + 125 interest
So, The interest receive for the loan = $ 125
Let the duration of loan period = T years
<u>From Simple Interest method</u>
Simple Interest =
or, $ 125 =
or. 125 × 100 = 10,000 × 5 × T
or, T =
or, T =
∴ T = 0.25
So, the time period of loan = 0.25 years = 3 months
Hence The length of the loan period is 0.25 years , i.e 3 months Answer