papabravo02 papabravo02

16-03-2019
Mathematics

contestada

How many days would it take a $6,000 loan to earn $500 ordinary interest at 12% interest rate?

250 days

180 days

210 days

235 days

Respuesta :

chickfilasauce44 chickfilasauce44

16-03-2019

180 days I think is the answer if it’s wrong I am so sorry

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zacman63 zacman63

16-03-2019

12% of 6000 is 720. This is the amount earned in 365 days. So 253 days to reach 500.....closest answer 250

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