Gregory borrowed $7,500 from the bank with a 6% annual interest rate to buy a new car. It cost him $10,650 to repay the loan. Ho
w many years did Gregory spend repaying his loan? (I’m offering 16 points so whoever’s to answer, please hurry!)
1 answer:
Answer:
7 years
Step-by-step
7500 x 0.06 = 450
10650 - 7500 = 3150/450
7 years
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