Find the time of the loan. Use a banker's year for 360 days Principal: $2640 Rate: 11% Interest:$38.41 Time:? The time of the loan was how many days? Round to the nearest day

Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter23: Basic Calculations Of Percentages, Percents, And Rates
Section: Chapter Questions
Problem 68A
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Find the time of the loan. Use a banker's year for 360 days

Principal: $2640

Rate: 11%
Interest:$38.41

Time:?

The time of the loan was how many days?

Round to the nearest day

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