SOLUTION: suppose you borrow $600 at 10%. how long would it take you to earn $30

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Question 542057: suppose you borrow $600 at 10%. how long would it take you to earn $30
Answer by jpg7n16(66) About Me  (Show Source):
You can put this solution on YOUR website!
Trick question? You don't earn interest when you borrow. You PAY interest. So... never?? :)
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Now suppose you invested $600 at 10%, how long would it take you to earn $30?
Start with - how much do you make per year?
x=p%2Ai
x=600%2A.10=60
So you make $60/year. If you make $60/year, how long will it take to make $30?
y=30%2F60=0.5
So it take half a year. How many months is that?
m=y%2A12
m=0.5%2A12=6