April wants to borrow 300 from her father and is willing to pay \$8 in interest. Her father wants to charge an interest rate of 4%. How long can April keep the money?

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Solución

April wants to borrow 300 from her father and is willing to pay $8 in interest. Her father wants to charge an interest rate of 4%. How long can April keep the money?

Solución

Time : 0.67

Pasos de solución

Translate the problem into an equation:

8 = 300 \cdot 0.04 t

Resolver para

t, 8 = 300 \cdot 0.04 t : t = 0.67

Time : 0.67

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