What is the time period of a loan for $3,0000, at 10% ordinary Interest, if the amount of Interest is $125.00? (Round any fraction to the next higher day.) O 150 days O 151 days O 152 days O 153 days

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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What is the time period of a loan for $3,000, at 10% ordinary interest, if the amount of interest is $125.00? (Round any fraction to the next higher day.)
O 150 days
O 151 days
O 152 days
O 153 days
Transcribed Image Text:What is the time period of a loan for $3,000, at 10% ordinary interest, if the amount of interest is $125.00? (Round any fraction to the next higher day.) O 150 days O 151 days O 152 days O 153 days
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