SOLUTION: Need some help on this please. Find the term of a loan of $1,800 at 9.3% if the simple interest is $2,845.80. Thank you!

SOLUTION: Need some help on this please. Find the term of a loan of $1,800 at 9.3% if the simple interest is $2,845.80. Thank you!

Algebra.Com

Question 199300: Need some help on this please.
Find the term of a loan of $1,800 at 9.3% if the simple interest is $2,845.80.

Thank you!
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
Interest paid/(principal x interest rate x time)
t=2845.80/(1800x0.093)=17yrs
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