A couple took out a $5,000 loan from the bank. The loan had a simple interest rate of 7.5% per year. By the end of the loan, the
couple had paid $2,250
interest.
What was the length of the couple's loan?
2 answers:
Answer:
6 years
Step-by-step explanation:
t=2250/375
t=6
Hence time of the loan will be 6 years
Answer:
6 years
Step-by-step explanation:
5000 x 0.075 = 375
2250/375 = 6
therfore it is 6 years worth of interest
You might be interested in
She sold 60% of her cookies.
I'd say it's x + 1 < 17.
Because the operator should be included as a person as well.
LCM 14 & 24 = 168
then use the highest exponents for the variables
answer = 168x^6y^6z^8
1. 14.4 km, 2. 25.2 km, 3. 37.8 km
