Answered

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9. Todd takes out a student loan for $25,000. The annual simple interest
rate on the loan is 4.75%. How many years will it take for the interest on
the loan to reach $7,125?

Sagot :

Koolzei

Answer:6

Step-by-step explanation:

4.75% of 25000 is 1,187.5

Times 6 it's 7,125

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