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20 POINTS! HELP ME PLZ! Carrie borrows $2600 at an interest rate of 2.5%. The interest paid is $536.25. For how long did she borrow the money? a. For how long did she borrow the money? SHOW YOUR WORK.
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20 POINTS! HELP ME PLZ!

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

a. For how long did she borrow the money? SHOW YOUR WORK.

b. Then write your answer as a complete sentence.

User Joe Majewski
by
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1 Answer

5 votes
I=prt
536.25=2500*0.025t
Solve for t
t=536.25/(2500*0.025)
t=8.25 years
User Sebu
by
7.6k points
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