Answered

Discover a wealth of knowledge and get your questions answered at IDNLearn.com. Find reliable solutions to your questions quickly and accurately with help from our dedicated community of experts.

April wants to borrow $200 from her father and is willing to pay $9 in Interest. Her father wants to charge an interest rate of 6%. How long can April keep the money?

Sagot :

Deepabohara444idn

Answer:

principle (p)= $200

interest (I) =$9

Rate (R) = 6%

time (T)= ?

we know,

Time(T) = I×100÷P×R

= 9×100÷ 200×6

= 3÷4 years

Thank you for being part of this discussion. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. Your questions deserve accurate answers. Thank you for visiting IDNLearn.com, and see you again for more solutions.