Paula frye loaned $10,000 to her son's new business at 5% ordinary simple interest (360-day year). at the end of the loan period, paula received the $10,000 plus $125 interest. compute the length of the loan period (to the nearest day)

91 days

Step-by-step explanation:

Amount loaned = $10,000.

Interest rate = 5%

Paula received $125 as interest .

Since, the interest rate is 5% , One has to pay the 5% of total amount loaned in a year.

in  a year , he has to pay ×10,000 = $500.

But he paid $125 as interest , So,

Length of loan period = Year  = th Year  

                                     = 3 months

Thus, he paid the amount in 91 days. (Since one month will surely be of 31 days)

3

step-by-step explanation:

i dont know if you cant find a way its best to actually add all of them start from 105 tho

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