Solved

Morgan Loaned $3,100 to Rolf at a Simple Interest Rate

Question 22

Short Answer

Morgan loaned $3,100 to Rolf at a simple interest rate of 0.65% per month. What was the term of loan if the total interest came to $221.65?

Related Questions

Q17: Payments of $1,000 and $7,500 were originally

Q18: If $450,000 is invested on June 3

Q19: A deposit of $659 earns $15.10 interest

Q20: We frequently hear a news item that

Q21: The interest owed on a loan after

Q23: Village Finance Co. advanced three loans to

Q24: Calculate the missing value:<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8414/.jpg" alt="Calculate

Q25: If money if worth $985 now and

Q26: What amount would have to be invested

Q27: The maturity value of an investment earning