A loan of $25,475 is taken out at 4.6% interest, compounded annually. If no payments are made, after about how many years will the amount due reach $37,500? Round to the nearest year. Please helpp

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Mar 8, 2021 144k views

1 vote

A loan of $25,475 is taken out at 4.6% interest, compounded annually. If no payments are

made, after about how many years will the amount due reach $37,500? Round to the
nearest year.

Please helpp

Mathematics
college

VRK asked

by VRK

4.5k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 votes

Answer:

9 years

Explanation:

Nicolas Dudebout answered Mar 12, 2021

by Nicolas Dudebout

4.6k points

0 Comments

Please log in or register to add a comment.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.3m questions

6.8m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

Other Questions