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Popular Word Problems >

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

A p r i l w an t s t o b orro w 300 f ro m h er f a t h er an d i s w i ll in g t o p a y $8 in in t eres t . Her f a t h er w an t s t o c ha r g e an in t eres t r a t e o f 4%. Ho w l o n g c an A p r i l k ee p t h e m o n ey ?

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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