Ask Question
24 April, 19:13

What is the length of time a loan will last if it has a rate of. 02, a principal of $500, and it accrued $60 of interest? Interest = Principal * Rate * Time. How would you reduce the time of the loan.

+4
Answers (1)
  1. 24 April, 19:42
    0
    6 years, 500*.02=10, then multiply by 6 to get $60.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What is the length of time a loan will last if it has a rate of. 02, a principal of $500, and it accrued $60 of interest? Interest = ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers