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Carrie borrows $2600 at an interest rate of 2.5%.  The interest paid is $536.25.  For how long did she borrow the money?

Carrie borrows $2600 at an interest rate of 2.5%.  The interest paid is $536.25.  For how long did she borrow the money?
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Carrie borrows $2600 at an interest rate of 2.5%.  The interest paid is $536.25.  For how long did she borrow the money?

User Bart Louwers
by
7.8k points

1 Answer

2 votes
t=i/pr
t=536.25/(2600*0.025)
t=8.25 years
User Nazario
by
8.3k points
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