document.write( "Question 1108316: Sam loaned $4,100 to Ralph at a simple interest rate of 0.85% per month. What was the term of the loan, in months, if total interest came to $278.80?\r
\n" );
document.write( "
\n" );
document.write( "\n" );
document.write( " \n" );
document.write( "
Algebra.Com's Answer #723379 by greenestamps(13200)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "Unfortunately, you got two wrong answers to the problem so far.... \n" ); document.write( "Tutor addingup used 8.5% per month instead of 0.85%; then he interpreted his incorrect answer as years instead of months.... \n" ); document.write( "Tutor teachmath used an interest rate of 0.85% per year instead of per month.... \n" ); document.write( "The interest per month is 0.85% of $4100: \n" ); document.write( "The number of months for the interest to reach $278.80 is \n" ); document.write( "It take 8 months for the total interest to reach $278.80. \n" ); document.write( " |