SOLUTION: You borrow $3000 on an 8$ discounted loan for a period of 9 months. What is the loans discount? This is what i have so far.. i just need help!! PRT (3000)(.08)(9/12)= 180

Algebra ->  Probability-and-statistics -> SOLUTION: You borrow $3000 on an 8$ discounted loan for a period of 9 months. What is the loans discount? This is what i have so far.. i just need help!! PRT (3000)(.08)(9/12)= 180       Log On


   

Question 227858: You borrow $3000 on an 8$ discounted loan for a period of 9 months. What is the loans discount?
This is what i have so far.. i just need help!!
PRT
(3000)(.08)(9/12)= 180
so would the loans discount be 180?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
If 8$ means 8% you are correct.
Cheers,
Stan H.