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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?
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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?

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User Davlog
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8.2k points

1 Answer

6 votes

Answer:

0.36

Explanation:

answered
User Tarks
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