SOLUTION: Find the length of a simple iterest loan with P = $640, r = 8.5%, and I = $95.20.

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Question 148036: Find the length of a simple iterest loan with P = $640, r = 8.5%, and I = $95.20.
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Find the length of a simple iterest loan with P = $640, r = 8.5%, and I = $95.20.
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I = Prt
95.20 = 640*0.085*t
t = 1 3/4 years
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Cheers,
Stan H.