pauline paid $450 simple interest to borrow $20 000. The interest rate was 6% p.a. For what time period did she borrow the money?
I = prt
t = I/pr
t = (450*100)/(20000*6)
t = 45000/120000= .375
t = 3/8
t = I/pr
t = (450*100)/(20000*6)
t = 45000/120000= .375
t = 3/8