Answer:
28%
Step-by-step explanation:
Answer:
Y = 40
Step-by-step explanation:
Change 1/2 to 2/4
2/4 y + 6 = 3/4y - 4
subtract 2/4y
6 = 1/4y -4
add 4
10 = 1/4y
multiply by 4 to get fraction to 1y or y
y = 40
Hello
3 years. Since no mention of compounding was made I will assume that it's 3.5% simple interest. So first, let's calculate what percent of the entire loan was interest. Just a simply matter of division. 2625 / 25000 = 0.105 = 10.5% Now lets' divide the percentage of the loan that was paid in interest by the interest rate. 10.5% / 3.5% = 3 So the company took 3 years to repay the loan.
Have a nice day
