monsecastle20 monsecastle20

02-12-2019
Mathematics

contestada

Mary borrows $5,000 dollars from her mother at a 3% simple interest rate and pays her $600 in interest after t years.
What is the value of t?
2
3
4
5

Respuesta :

raymondgao2018 raymondgao2018

03-12-2019

Answer:

4

Step-by-step explanation:

The simple interest per year is 3% times $5000 which is 150 dollars.

Now, we have the equation 150x = 600.

We solve and get x = 4

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