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17 August, 20:44

Frederick needs to borrow $3000 for a down payment on a new car. His uncle decided to loan him the money as a 2.7% loan. Frederick doesn't want to pay more than $243 in interest. How many years does Frederick have to pay back the loan?

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  1. 18 August, 00:08
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    Step-by-step explanation:

    i=prt

    243=3000 (.027) (t)

    243=81 (t)

    t=3

    he must pay it back in 3 years
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