Wednesday

August 27, 2014

August 27, 2014

Posted by **thommini** on Wednesday, October 6, 2010 at 10:54pm.

( can you please tell me the steps. thanks )

- Math -
**Reiny**, Wednesday, October 6, 2010 at 11:05pmI = PRT

T = I/(PR)

I = 230

T = 230/(1200(.055)) = 3.48 years or 41.8 months

appr. 42 months

**Related Questions**

eco - Suppose a person pays $80 of annual interest on a loan that has a 5 ...

algebra - john borrowed $650 from credit union . interest rate is 7.9% , and ...

interest math - On April 12, Michelle borrowed $5,000 from her credit union at 9...

math - rick borrows 48,000 the loan will be a 10% add-on loan interest will be ...

Math - On May 23, Samantha Best borrowed $40,000 from the Tri City Credit Union ...

Finance - Rancher Rick purchased an additional 80 acres of hay ground to produce...

math - What annual interest rate was charged on a 2-year loan of $6300 if the ...

Math - 4. Vanna has just financed the purchase of a home for $200 000. She ...

math - the total amount of interest on this loan of $6000 for 150 days is $210....

VBA Programming - I'm trying to create a macro that asks for a loan between 1 ...