A $3000 loan has an annual interest rate of 6.6% on the amount borrowed. How much time has elapsed if the interest is now $1386?
1 answer:
Answer:
7
Step-by-step explanation:
time=<u>interest</u>
P*R
time=<u>1386*</u>100
6.6 * 3000
<u>time=7</u>
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