Matt earned $310 in interest for a $2,785 loan. The simple interest rate was 18.99%. What was

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Matt earned $310 in interest for a $2,785 loan. The simple interest rate was 18.99%. What was the term of this loan?

Posted Date: May 06, 2024 03:19 AM

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Matt earned $310 in interest for a $2,785 loan. The simple interest rate was 18.99%. What was

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Expert Answer:

To find the term of the loan we can use the formula for simple interest Sim... View the full answer

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