Asked by jenny

Julia takes out a loan for $1,200 from a bank that charges 5.4% simple interest per year. If the total amount she repays is $1297.20 for how long did she borrow the money???

4 years ago

Answered by oobleck

Juts use your A = P(1+rt) formula to find t
1200(1+0.054t) = 1297

4 years ago

Answered by jenny

thank you so much!

4 years ago

There are no AI answers yet. The ability to request AI answers is coming soon!