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3 years ago

15

Lisa loaned John $5000 at an interest rate of 6%. He repaid her $5750 to cover the principal and interest. How long did he borro

w the money?

1 answer:

horrorfan [7]3 years ago

4 0

Answer:

time in years = 2.5 years

Step-by-step explanation:

time = interest / (principal amount x rate)

time = 750 / 5000 x 0.06

time = 750 / 300

time = 2.5 years

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