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

Jared obtained a simple interest loan for 1200 at a credit union at an annual interest rate o f 5.5%. if Jared paid $1430 to repay the loan, for how many months, was the money borrowed ?

( can you please tell me the steps. thanks )

## Answer this Question

## Related Questions

- algebra - john borrowed $650 from credit union . interest rate is 7.9% , and ...
- eco - Suppose a person pays $80 of annual interest on a loan that has a 5 ...
- interest math - On April 12, Michelle borrowed $5,000 from her credit union at 9...
- FIN - After 12 months of making extra payments, what will be the loan balance? ...
- math - A man asks for a loan for $5,000 for 14 days. He receives the loan plus $...
- math - On April 12, Michelle Lizaro borrowed $5,000 from her credit union at 9...
- math - find the interest paid on a loan $2,200 for three years at a simple ...
- math - rick borrows 48,000 the loan will be a 10% add-on loan interest will be ...
- math - you borrow $1200 from a bank that bank charges 9.5% simple annual ...
- Math - 1. Rishi ram obtained an installment loan for $3,000.00. He agreed to ...

More Related Questions