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weqwewe [10]
2 years ago
12

Linda borrowed $550 at 1% monthly interest she paid $99 in interest how long did Linda borrow the money

Mathematics
1 answer:
Elenna [48]2 years ago
8 0

The time period for which Linda has borrowed money is 18 years.

<h3>What is Interest ?</h3>

Interest is the amount of extra money paid by the person who has taken a loan.

It is given in the question that

Principal = $ 550

Interest Rate = 1%

Interest paid  = $99

Time = ?

The formula for Simple Interest is given by

I = (P*R*T)/100

99 = 550 * 1 * T /100 *12

9900 *12 / 550 = T

T = 18* 12 = 216 months or 18 years.

The time period for which Linda has borrowed money is 18 years.

To know more about Interest

brainly.com/question/13324776

#SPJ1

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Answer:

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\begin{array}{r | l}{\sf{2 & {\sf14,28,31} \\\cline{2-2} {\sf2 & {\sf7,14,31 \\\cline{2-2} {\sf7 & {\sf7,7,31 \\\cline{2-2} {\sf31 & {\sf1,1,31 \\\cline{2-2} & {\sf1,1,1\end{array}

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{\boxed{\sf{LCM\:=\:868}}

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