Register
A $1,500 loan has an annual interest rate of 4.25% on the amount borrowed. How much time has elapsed if the interest is now $127.50?
233k views
4 votes
A $1,500 loan has an annual interest rate of 4.25% on the amount borrowed. How much time has elapsed if the interest is now $127.50?

User Glisu
by
7.3k points

1 Answer

5 votes
1) 1500×0.0425=63.75
2) 127.50÷63.75=2
Answer is 2 year.
User Jacques Kvam
by
8.2k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.5m questions

11.2m answers

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Link Copied!