SOLUTION: Zachary borrowed $5,000 at an interest rate of 4%. The interest paid is $1,800. How long did Zachary borrow the money?

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Question 814710: Zachary borrowed $5,000 at an interest rate of 4%. The interest paid is $1,800. How long did Zachary borrow the money?
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
 
Hi,
Zachary borrowed $5,000 at an interest rate of 4%.
The interest paid is $1,800
I =Prt 0r t = I%2F%28P%2Ar%29+=+1800%2F%285000%2A.04%29