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Svetllana [295]

3 years ago

6

Todd takes out a student loan for $25,000. The annual simple interest rate is 7.75%. If Todd will be paying $38,750 in interest

alone, how many years is he taking to pay off the loan?

1 answer:

crimeas [40]3 years ago

3 0

Answer:

20 years

Step-by-step explanation:

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bazaltina [42]

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$-\frac{2}{3} - (-\frac{3}{4}) = \frac{1}{12}$

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Step-by-step explanation:

Given

$-\frac{2}{3} - (-\frac{3}{4})$

Required

Solve:

$-\frac{2}{3} - (-\frac{3}{4})$

Open bracket

$-\frac{2}{3} - (-\frac{3}{4}) = -\frac{2}{3} +\frac{3}{4}$

Take LCM

$-\frac{2}{3} - (-\frac{3}{4}) = \frac{-8+9}{12}$

$-\frac{2}{3} - (-\frac{3}{4}) = \frac{1}{12}$

$\frac{5}{6} + \frac{5}{12}$

Take LCM

$\frac{5}{6} + \frac{5}{12} = \frac{10+5}{12}$

$\frac{5}{6} + \frac{5}{12} = \frac{15}{12}$

Divide by 3/3

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3 years ago

kramer

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Step-by-step explanation:

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