Ask Question
18 July, 15:03

Frederick needs to borrow $3000 for a down payment on a new car. His uncle decided to loan him the money as a 2.7% loan. Frederick doesn't want to pay more than $243 in interest. How many years does Frederick have to pay back the loan?

+3
Answers (1)
  1. 18 July, 18:24
    0
    Step-by-step explanation:

    i=prt

    243=3000 (.027) (t)

    243=81 (t)

    t=3

    he must pay it back in 3 years
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Frederick needs to borrow $3000 for a down payment on a new car. His uncle decided to loan him the money as a 2.7% loan. Frederick doesn't ...” 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