Register

The cost of interest of a $3.000 loan at 12% interest per year is $1003.80. What is the term length for this loan in years?

The cost of interest of a $3.000 loan at 12% interest per year is $1003.80. What is the term length for this loan in years?
asked 223k views
0 votes
The cost of interest of a $3.000 loan at 12% interest per year is $1003.80.

What is the term length for this loan in years?

asked
User Davlog
by
8.2k points

1 Answer

6 votes

Answer:

0.36

Explanation:

answered
User Tarks
by
7.5k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!