Hector needs to borrow $20000 to pay a contractor for a home addition. The bank is offering him a 4.8% simple interest loan and is charging $4800 in interest during the life of the loan. How long is the life of the loan?

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j-cross18 · Answer

And to answer your question I will get some people to help you out ok :)

j-cross18 · Answer

@BlackLabel @jaredfleagle @Teenspirit45 @Isaiah.Feynman @hannahmarie620 @HarukaN Help this girl please thanks

j-cross18 · Answer

@Annetta_Martin if you ever need more help tag me in a question and i will get some people to help you ok.

anonymous · Answer

ha! I did these this year!...but I forgot how to do it...

isaiah.feynman · Answer

See people only study just to do well in the exam, not studying to know it!

j-cross18 · Answer

@chinenyeogueri refresh your page and answer my question please

anonymous · Answer

@J-Cross18 i think i did

j-cross18 · Answer

@chinenyeogueri i wrote something back tho lol

anonymous · Answer

$$I=Prt$$
$$I = $4800$$
$$r = .048 = 4.8%$$
$$t = time$$
Solve for time.

anonymous · Answer

@J-Cross18 just text me and lets not be on this be on this girl's question

isaiah.feynman · Answer

Just for the record, $$t= \frac{ I }{ \Pr }$$