orjueladuenasd orjueladuenasd

23-04-2021
Mathematics

contestada

If you earned $1000 interest on a loan of $5200
at a yearly interest rate of 2.5%, how many years was the loan for? (Round
to the nearest tenth)

Respuesta :

danniella06 danniella06

23-04-2021

Answer:

170 years

Step-by-step explanation:

R/100=2.5%

time= 100=0.025 per year (1/0.025) (5200\1000)-1=168

time=168 years

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