document.write( "Question 395612: what is the time factor in a simple intrest loan when the intrerest is $360, the principal is $1800 and the rate is 10%? \n" ); document.write( "

Algebra.Com's Answer #280724 by gwendolyn(128) $\"\"$ $\"About$

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The equation for finding simple interest is I=PRT, where I represents interest, P represents principle, R represents rate, and T represents time.
\n" ); document.write( "If we substitute all the variables given, then the equation looks like:
\n" ); document.write( "I=PRT
\n" ); document.write( " $\"360=1800%2A.1%2At\"$
\n" ); document.write( "Now, we have one equation with one variable, which means that we can solve it.
\n" ); document.write( " $\"360=1800%2A.1%2At\"$
\n" ); document.write( " $\"360=180t\"$
\n" ); document.write( " $\"2=t\"$
\n" ); document.write( "So, the time factor is two. \n" ); document.write( "

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