Mathematics, 21.05.2020 21:14 renaeenriquez2016

2. Ella Nicole paid an interest of $120
on a loan that she borrowed to buy
some school supplies for college.
The simple interest rate on the loan
was 3%. If she repaid the loan in 24
months, how much did she borrow?
[Hint: Convert the months to years]

Answers: 2

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2. Ella Nicole paid an interest of $120
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some school s...

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More questions: Mathematics Another questions

2. Ella Nicole paid an interest of $120 on a loan that she borrowed to buy some school supplies for college. The simple interest rate on the loan was 3%. If she repaid the loan in 24 months, how much did she borrow? [Hint: Convert the months to years]

Answers

Another question on Mathematics

2. Ella Nicole paid an interest of $120
on a loan that she borrowed to buy
some school supplies for college.
The simple interest rate on the loan
was 3%. If she repaid the loan in 24
months, how much did she borrow?
[Hint: Convert the months to years]