Princess790 Princess790

26-03-2018
Mathematics

contestada

A $1,500 loan has an annual interest rate of 4 1/4% on the amount borrowed.how much time has elapsed if the interest is now $127.50?

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Berzinji Berzinji

03-04-2018

1500 x 0.0425 = $63.75 ( for 1 year )

127.50 / 63.75 = 2 Years

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