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Asked by kim

IF THE LOAN IS FOR $18000 AND THE INTEREST RATE IS 6.5%. iF THE INTEREST PAID IS $4680.0 HOW MANY MONTHS IS THE LOAN FOR?
10 years ago

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Answered by Ms. Sue
I = PRT

4,680 = 18,000 * 0.065T

4680 = 1170T

4 = T

That's 4 years = 48 months.

10 years ago
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IF THE LOAN IS FOR $18000 AND THE INTEREST RATE IS 6.5%. iF THE INTEREST PAID IS $4680.0 HOW MANY MONTHS IS THE LOAN FOR?

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