kenbreeya kenbreeya
  • 13-12-2021
  • Mathematics
contestada

Frederick needs to borrow $3000 for a down payment on a new car. His uncle decided to loan him the money as a 2.1
%
%
loan. Frederick doesn't want to pay more than $189 in interest. How many years does Frederick have to pay back the loan?

Respuesta :

ezwin224 ezwin224
  • 13-12-2021

Answer:

3 years

Step-by-step explanation:

$3000(.021)=$63 per year.

189/63=3 years.

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