spencergreen2007 spencergreen2007
  • 18-03-2021
  • Mathematics
contestada

Michael got a loan for the Playstation 5. His loan was $600. At a 3.75% interest rate he had to pay $7.50 in interest. How long would it take for Michael to pay off his loan?

Respuesta :

reeserl reeserl
  • 18-03-2021

Answer:

4 mo.

Step-by-step explanation:

I = PRT      P = 600    R = .0375    I = 7.50

7.50 = 600(.0375)T

7.5 = 22.5T

T = 7.5/22.5 = 1/3 yr = 4 mo.

Answer Link

Otras preguntas

Square root of 4+2 root 3
when was slate found
What is James Joyce's conception of the artist? a. He must clearly express his ideas in his works b. He must be invisible in his works c. He must be Irish
How many bones does the human skeleton consist of? a. 203 b. 206 c. 216 d. 235
How many solutions does the system 2y=10x-14 and 5x-y=7 have? need worked out step by step please!
Square root of 4+2 root 3
How many bones does the human skeleton consist of? a. 203 b. 206 c. 216 d. 235
It takes 56.5 kilojoules of energy to raise the temperature of 150 milliliters of water from 5°C to 95°C. If you use an electric water heater that is 60% effici
Only odd and I need explainations to
In a certain class, 40% of the students are girls, and 20% of the girls wear glasses. What percent of the children in the class are girls who wear glasses?