Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Find the duration , in years, of Ambers $ 8 000 loan if she paid interest of $ 4320 and the loan had a simple

Find the duration, in years, of Ambers $8000 loan if she paid interest of $4320 and the loan had a simple interest rate of 12%.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions