Business math and statistic

posted by .

Tamara borrowed $6,000 at 6% and ended up paying $900 in simple interest. For how long was the loan?

  • Business math and statistic -

    I = prt
    900 = 6,000 * 0.06t
    900 = 360t
    900/360 = t
    2.5 = t

  • Business math and statistic -

    If 45% students of a class has taken mathematic and 85% students has taken biology find the percentage of such students of a class who have taken biology.

  • Business math and statistic -

    2.5 years

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Business Math

    October 17, I borrowed $6,000.00 at a rate of 4%. I have to repay the loan in 7 months. What is the simple interest and the total amount owed upon maturity?
  2. Math

    1. Jacksonville Technical College received $3,445,553 in state aid on September 15 for the fall academic semester. The vice-president for finance decided to invest $2,000,000 in a 2-month investment that pays 11.5% simple interest. …
  3. Business Analysis

    Barney Casey borrowed $40,000 from his parents for 2 years. He paid them a total of $45,000 at the end of the 2-year term of the simple interest loan. What rate of interest did he pay his parents?
  4. Math

    Tonya took out a loan to help pay for her house. She borrowed $50,000 for 15 years at a yearly simple interest rate of 5%. How much interest will she end up paying the bank?
  5. business math

    Joan Roe Borrowed $85,000 at a rate of 113/4 percent. The date of the loan was July 8. Joan is to repay the loan on Sept 14. Assuming the loan is based on exact interest, the interest Joan will pay on Sept 14 is?
  6. Math

    Tonya took out a loan to help pay for her house. She borrowed $50,000 for 15 years at a yearly simple interest rate of 5%. How much interest will she end up paying the bank?
  7. business

    Catherine borrowed $19,000 on June 20, at 10% interest. If the loan was due on September 17, what was the amount of interest on the loan using the exact interest method?
  8. business math

    you take out a loan for $20,000 simple interest loan at 4% on August 21 and in 45 days you pay off $8,000 of the loan. What is your new principal?
  9. business math

    . Ludwig borrowed $8,000 on July 20, at 11% interest. If the loan was due on October 17, what was the amount of interest on the loan using the exact interest method?
  10. Maths

    Calculate the total amount (loan and interest)to be paid on a loan of N1 000.00, borrowed for 2 years at a simple interest rate of 10% p.a.

More Similar Questions