misaelrodriguep0xdci misaelrodriguep0xdci

16-04-2018
Mathematics

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A $1,500 loan has an annual interest rate of 4.25% on the amount borrowed. How much time has elapsed if the interest is now $127.50?

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sandrikoqoxw40a sandrikoqoxw40a

16-04-2018

1) 1500×0.0425=63.75
2) 127.50÷63.75=2
Answer is 2 year.

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