Ask Question
15 September, 09:29

Frederick needs to borrow $3000 for a down payment on a new car. His uncle decided to loan him the money as a 2.7% loan. Frederick doesn't want to pay more than $243 in interest. How many years does Frederick have to pay back the loan?

+5
Answers (1)
  1. 15 September, 09:59
    0
    Step-by-step explanation:

    i=prt

    243=3000 (.027) (t)

    243=81 (t)

    t=3

    he must pay it back in 3 years
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Frederick needs to borrow $3000 for a down payment on a new car. His uncle decided to loan him the money as a 2.7% loan. Frederick doesn't ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers