Carlos takes out a loan for $10,300, at 8% ordinary interest. If the amount of interest is $329.60, what is the time period (in days) of the loan?

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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Carlos takes out a loan for $10,300, at 8% ordinary interest. If the amount of interest is $329.60, what is the time period (in days) of the loan? 
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