Abigail's calculations show that the total interest owed to Sanjeev on her 3, 700 loan is 177.60. If she paid simple interest at the rate of 0.4% per month, for how long did Abigail borrow the money? Note: Please make sure your final answer(s) are rounded up to the next whole month.
Abigail's calculations show that the total interest owed to Sanjeev on her 3, 700 loan is 177.60. If she paid simple interest at the rate of 0.4% per month, for how long did Abigail borrow the money? Note: Please make sure your final answer(s) are rounded up to the next whole month.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Abigail's calculations show that the total interest owed to Sanjeev on her 3, 700 loan is 177.60. If she paid simple interest at the rate of 0.4% per month, for how long did Abigail borrow the money? Note: Please make sure your final answer(s) are rounded up to the next whole month.
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