SOLUTION: You borrow $3000 on an 8$ discounted loan for a period of 9 months. What is the loans discount?
This is what i have so far.. i just need help!!
PRT
(3000)(.08)(9/12)= 180
Algebra.Com
Question 227858: You borrow $3000 on an 8$ discounted loan for a period of 9 months. What is the loans discount?
This is what i have so far.. i just need help!!
PRT
(3000)(.08)(9/12)= 180
so would the loans discount be 180?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
If 8$ means 8% you are correct.
Cheers,
Stan H.
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