A $6,000 loan, taken now, with a simple interest rate of 9% per year, will cost a total of $9,240. How many years until the loan matures (Round your answer to the nearest whole year.)

t = __________ years

Question

A $6,000 loan, taken now, with a simple interest rate of 9% per year, will cost a total of $9,240. How many years until the loan matures  (Round your answer to the nearest whole year.)
 
 t  = __________ years

Quizplus · Accepted Answer

The Answer of A $6,000 loan, taken now, with a simple interest rate of 9% per year, will cost a total of $9,240. How many years until the loan matures  (Round your answer to the nearest whole year.)
 
 t  = __________ years

A $6,000 Loan, Taken Now, with a Simple Interest Rate