Compute the specified quantity. The simple interest on a $3,000 loan at 6% per year amounted to $1620. At what time t did the loan mature (in years)? t = yr
Compute the specified quantity. The simple interest on a $3,000 loan at 6% per year amounted to $1620. At what time t did the loan mature (in years)? t = yr
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter2: Equations, Inequalities, And Problem Solving
Section2.S: Summary
Problem 8S: What interest rate would you need to get to double an investment of 200 in eight years?
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Compute the specified quantity.
The simple interest on a $3,000 loan at 6% per year amounted to $1620. At what time t did the loan mature (in years)?
t = yr
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