Asked by Ruby Calio
David borrowed $6500 From his article with simple interest of 13% and eventually we paid $8190 (principal and interest) What was the time period of the loan
Answers
Answered by
mathhelper
6500 + 6500(.13)(t) = 8190
845t = 1690
t = 1690/845 = 2
2 years
845t = 1690
t = 1690/845 = 2
2 years
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