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wolverine [178]
3 years ago
14

Your cousin borrows $1125 to repair her car. The simple annual interest rate is 10%. She makes equal monthly payments of $25. Ho

w many years will it take to pay off the loan? (PLSSS HELP)
Mathematics
1 answer:
stepan [7]3 years ago
5 0

Answer:

Step-by-step explanation:

Your cousin borrows $1125 to repair her car. The simple annual interest rate is 10%. She makes equal monthly payments of $25. How many years will it take to pay off the loan? (PLSSS HELP)

Given data

P=$1125

R=10%= 0.1

I= $25

We know that

I=PRT

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