96tjhyx7np 96tjhyx7np

22-10-2021
Mathematics

contestada

About how many years did it take to pay off this account if...
Principal = $1582
Rate = 2.5%
Interest = $79.10
Answer:
years

Respuesta :

sbeetner33 sbeetner33

25-10-2021

Answer:

2 years

Step-by-step explanation:

Simple Interest=P×r×n

where:

P=Principal amount

r=Annual interest rate

n=Term of loan, in years

so with the givens, 79.10=1582*0.025*x

79.10/(1582*0.025)=x

x=2 years

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