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?

Ms. Sue Ms. Sue answered
9 years ago

I = PRT

4,680 = 18,000 * 0.065T

4680 = 1170T

4 = T

That's 4 years = 48 months.

🤔 🤔 Ask a New Question 🤔 🤔