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-BARSIC- [3]
3 years ago
14

A $1,500 loan has an annual interest rate of 4.25% on the amount borrowed. How much time has elapsed if the interest is now $127

.50?
Mathematics
1 answer:
Sloan [31]3 years ago
7 0
1) 1500×0.0425=63.75
2) 127.50÷63.75=2
Answer is 2 year.
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