yaboi37771 yaboi37771
  • 20-02-2024
  • Mathematics
contestada

Morgan loaned $3,600 to Rolf at a simple interest rate of 0.90% per month. What was the term of the loan if the total interest came to $226.80?
a. 5 months
b. 8 months
c. 10 months
d. 12 months

Respuesta :

georgepahno georgepahno
  • 20-02-2024

Answer:

$3,600(.009m) = $226.80

$32.40m = $226.80

m = 7 months

None of those choices are correct.

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