November 26, 2015

Homework Help: Algebra 1

Posted by Lola on Tuesday, November 9, 2010 at 10:19pm.

A finance company offers cheaper interest rates if you borrow a larger sum of money for shorter time period. A borrower is offered $7000 at 12% or $10080 at 10%. If the tome for the lager loan is 6 months less but the total interest is the total interest is the same, find the time to repay for each loan.

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