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Jonathan borrowed $475 at a simple annual interest rate of 2%. How many years will it take him to repay the loan if he wants to pay $38 in interest? A. 4 B. 5 C. 6 D. 7
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4 votes
Jonathan borrowed $475 at a simple annual interest rate of 2%. How many years will it take him to repay the loan if he wants to pay $38 in interest?

A. 4


B. 5


C. 6


D. 7

User Vova Bilyachat
by
4.8k points

2 Answers

5 votes

Answer:

a

Explanation:

User StevenMurray
by
5.3k points
5 votes
I’m pretty sure that the answer is A. 4
User VladH
by
5.7k points
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