April wants to borrow 600 from her father and is willing to pay 10 in interest. Her father wants to charge an interest rate of 4%. How long can April keep the money?

Solution

Solution

Time : 0.42

Solution steps

Translate the problem into an equation:

10 = 600 \cdot 0.04 t

Solve for

t, 10 = 600 \cdot 0.04 t : t = 0.42

Time : 0.42

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