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Your brother lends you $125 at an annual interest rate of 25%. If you want to pay no more than $62.50 in simple interest, in how many years will you need to pay off the loan? Use the formula: I = Prt.

User Saltycrane
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1 Answer

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here it is. found the x and y intercepts. then found 2 points. used the slope formula. plugged everything back in.
Your brother lends you $125 at an annual interest rate of 25%. If you want to pay-example-1