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30 votes
30 votes
How many years will it take kamil to pay off the loan? 1 year 2 years 3 years 4 years

User Rmg
by
2.5k points

2 Answers

24 votes
24 votes

Final answer:

To determine the number of years it will take for Kamil to pay off the loan, we need more information about the loan amount, interest rate, and monthly payment.

Step-by-step explanation:

To determine the number of years it will take for Kamil to pay off the loan, we need more information about the loan amount, interest rate, and monthly payment. The given options of 1 year, 2 years, 3 years, and 4 years do not provide enough information to calculate the exact number of years.

However, if Kamil has a fixed monthly payment and knows the loan amount and interest rate, they can use the amortization formula or an online loan repayment calculator to determine the exact number of years it will take to pay off the loan.

Therefore, without additional information, we cannot determine the number of years it will take for Kamil to pay off the loan from the given options.

User Sharoz
by
2.5k points
14 votes
14 votes

Answer:

Step-by-step explanation:

3 years

User Mario Radomanana
by
2.4k points