document.write( "Question 1015222: plz solve this\r
\n" ); document.write( "\n" ); document.write( "Morgan loaned $3200 to Rolf at a simple interest rate of 0.65% per month. What was the term of the loan if the total interest came to $228.80?
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Algebra.Com's Answer #631593 by robertb(5830)\"\" \"About 
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Use the simple interest formula I = Prt\r
\n" ); document.write( "\n" ); document.write( "Then 228.80 = 3200(0.0065)t\r
\n" ); document.write( "\n" ); document.write( "228.80 = 20.8t\r
\n" ); document.write( "\n" ); document.write( "==> t= 228.80/20.80 months = 11 months (the basis of interest is monthly).
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