Andie M.
asked 03/28/18
If you earned $200 interest on a loan of $500 at an interest rate of 2%, how many months was the loan for?
Mark M.
answered 03/28/18
Mathematics Teacher - NCLB Highly Qualified
i = p · r · t
200 = 500(0.02)t
0.4 =0.02t
Can you solve for t and answer? (Remember t is in years, question asks for months.)
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