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kotykmax [81]
3 years ago
12

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

in interest alone, how many years is he taking to pay off the loan?
Mathematics
1 answer:
Leona [35]3 years ago
5 0

Answer:

20 years

Step-by-step explanation:

It will be 20 years

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